I think your best bet would be to find a property that needs value-added if you are strictly looking in the university area.

YOU BET!

If you hired a licensed plumber and he causes the furnace problem then you are much safer regardless of how you own the property. 

Though I'm betting the individual that suggested has a plan.

The diversity is safer. 

Charlotte is getting hotter, so I'll bet there are a lot of investors mailing to the Absentee Owners.

Tyler Jahnke's post I bet did un told harm to many who were on the fence and every month when he would post he got a check boom I bet someone jumped in disregarding the negative feedback that was coming on the site or the experts warning even done well these are high risk purchases.Marry that with little to no rehab and you have a financial disaster .. what these clients were sold and reality could not be farther from the truth.. and what I mean by that is the statements that D class low C class tenants are just thankful to be there are easier to manage than B or A.. that is just patently absurd. but I guess that is Morris opinion but not based in reality from those in the industry and you PM's could talk to that.As for what do to if your investment is under water and in bad shape..

I would bet at some point in the future you will end up completely in the flood zone when they remap the areas due to new development.

If this is not a short term renter I think your best bet is leave it vacant.

It can also be safer to diversify your investment properties across the country.