Run your numbers and you will see that 2 cheaper homes will out perform one more expensive one.  

They are all coming out of a duration where virtually all of them out performed pro forma because of the incredible RE appreciation.  

So now, when someone searches that community and filters for pets allowed & hot tubs, there are only 21 hits, so our competition pool is less.Look and see what others offer and outperform them.As for long-distance managing, I'd recommend focusing on the human aspect first (great housekeeper and handyperson) as they will be more valuable than the tech side. 

Yes, the ROI could be lower (on paper) but I would argue that over a 10 year period this rental will outperform the C class properties that many investors desire.

You have some big iffs and upfront exposure though and the number of guys who think they have investment grade property in an investment grade location worthy of investment grade cap rates is significant.It is one thing for small guys using leverage with limited reserves to try and make things work at that rate and an entirely different thing for people who are looking to find a place for 1.5 Million--stock market volatile, stars pushing crypto, still no yield on savings or bonds to speak of...4.5% represents a pretty good safety net and even half that is still outperforming the 10y T note.

Gold has outperformed the S&P 500 and Dow since 2000. 

@Marshall MagnusA good deal on Edmonton or Calgary will outperform a great deal in many other areas of the country over the next 5 years.

A MF in a solid area will generally outperform a SF on a cash flow basis.

I already decided to go visit my son in Ohio and I will check out the real estate scene, but if I purchase it will be purely because I find a goldmine where the additional profits earned outperform the inherent out-of-state risks.

Blue Chip properties will always outperform low income and low rent properties with the exception that you can get low end properties for a steal.