, and the quality/reputation of the schools as a backup in case your place is not appealing to students...lots to consider...In any case, though, the KEY if you want to pursue rentals here, both since you're out of state and since you're not here to manage them, is the Property Management piece.

I hear the programs are simple to use and if you get a quality tenant it is well worth it.

I use credit quality and affordability metrics to ensure that prospects can afford the rent.

This was an opportunity for me as an agent to get a homeowner out of a tough spot with some cash in their pocket during the foreclosure process while positioning myself to be able to invest in a great rental opportunity in a community that needs additional high quality rental properties.

.)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages These are just some of the indicators that will help you understand the quality of an area as well as the kinds of returns one is to except.Also take into consideration the direction in which each of these market indicators are trending.

also as Will pointed out the cash flow and quality of tenant is not as good on that type of property as 5 single family in a similar area. 

We were able to keep the same standards and deliver a quality product.

Just note that it's virtually staged and the actual furnishings may differ slightly but will be comparable in design and quality.

It's about quality over quantity;)

7) Something that you have recently done or thought about “burning your cash” on for time savings or an improvement in quality of life:Right now I’ve been focused on using my cash to buy great real estate investments.