College is supposed to produce more educated, well rounded individual for greater good of society -- yes, its a pretty loft, high-minded sentiment. 

If you're financially stable with income producing properties it doesn't matter.

The price of the property & repairs, how much your monthly payments are each month, how much income the property is producing each month, etc.Just ask yourself, how much out of pocket cash did I put into the property to acquire it, and what percentage of that am I getting back at the end of every year?

@Eric Miracle MLS will never produce the best deals largely because you have a 6% realtor commission baked in.

In the case of making extra mortgage payments, I still knew I had the money benefiting me for any future problems that might come along and would provide a wider safety net if my property for some reason stopped producing income for a longer period of time.

I have to purchase 1 more property, but I only have 2 slots left on my list.

It might produce some cash flow but would not probably appreciate as the land gets up in value, but not the house. 

With just one of their properties they had in santee producing $2400/month in rent, they sold it for $625,000.

@Alvaro Rodriguez The best place to start in your search will be to understand if you need any of the drawings will require a professional stamp, residential work has a decent amount of leeway on who can produce your drawings but commercial work is typically held to a higher standard. 

I would like to somehow turn this into an income-producing property but still have the ability to stay on property when I visit Colorado.