Maybe student growth will keep outpacing it.. who knows. 

Less maintenance gives me more time for more important tasks.

After some thoughts about it all, I think the real question is: At what point is it worth to give up equity over faster growth.

You'll get lots of no's but some yes's and that's all you need to grow. The

Pro: Higher day one cash faux.Con: You need to hop on a plane (or long car drive) to visit your property, which leads to ...Con: You are less familiar with the market.Con: You are 100% dependent on complete strangers to make or break your investment for you and keep your best financial interests at heart above their own.Con: Can't easily verify work is being completed in a quality or timely manner.Con: If problems do arise, it will take you longer to find out and they will grow larger in that time.Con: If something goes wrong that your team can't fix (or in all likelyhood caused) then it is harder to for you to step in to fix it, stabilize the asset, and recover.Con: Lower appreciation and rent growth ... if you think this is speculative and not consistent, then review the last 50 years of price trends in the market you are in now vs the out of state market you are considering.Con: Lower tenant quality.

With REI, you can do this within months, which means (when you factor in the compounding effect) the growth is much larger...and faster with REI....and, the Stock Market is far more speculative.  

Yea, Boomtown has been a great CRM as a Broker with seriously detailed task organization, drip campaigns, organizing clients per motivation/category and it syncs with all the MLS's ...but, I also need squeeze pages and to add my own listings, (off market stuff).

I am the face that the sellers associate with the marketing campaign so I like to say I am the "talent," but I will say it does help to break up the tasks.

I would send by certified and regular mail to the property address along with any work address known- So the difficult task now would be to locate the tenant.  

Flipping is a high risky task.