With the description of your proximity this will affect demand significantly.He also stated proximity to campus isn't a key decision factor for students anymore.  

OK, so when looking at pre-foreclosures you have a few types of strategies to work with:Short Sale (some equity)Subject - To (low equity, possible upside down)Wrap (some equity)Fix and Flip (mid to high equity)Wholesale (high equity)If you are looking at a subject - to, the key is having a strong knowledge of the entire system AND a rockstar title company.

If you choose to invest here, tenant selection will be key.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I have been guaranteed first-look of the property as soon as the REA gets the keys and if it checks out, I'd like to put in an offer ASAP.

The stable and reliable flow of income is a key consideration in mortgage loan underwriting.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

As in any area it is key to get the right property managment company put in place since you are out of town.