If you can manage properties in Pennsytucky and Padookaville, while living in a decent city in the US, all the more power to you. I was speaking about residential property somewhere in a major city. A friend of mine knew a mobile home property owner and said getting your rent from them is absurd...like pulling teeth....and residentials in college towns are seasonal (you will not get full yr. rental commitments) and the kids destroy the properties. Not to mention that probability of these types of properties going up in value are not the same as major cities (which are now beyond fully priced) - that's a big IF they go up. If you like these types of headaches and have the time and energy to manage them, all the more power to you. I know that between the markets and family, there's not much time for me to call the plumber in Kazootown, USA and find out why he didn't snake out the clogged puke in the collegetown 2 bedroom apartment which is inhabited by 8 drugged up jockstraps.