In your instance where the reward is less I would hold it and build your doors.

Take out the university (Yale in this instance) and the number one employer such as the well known medical system and you might as well be living in East Berlin in 1946.

Yeah you could buy it back and release your loan for instance.

Like if you called me.. ( when i actually worked at the street level) this was my job but there are many others out there that will save you a ton of time and money.. for instance in our are you can go to Portlandmaps.com  google that and see how robust the information is at that site all for free.the other thing is subscription services  I highly recommend  Property Radar..  

True A class areas, (Birmingham for instance), can be lower. 

For instance, this unit is the top floor.

Additionally, certain niches for instance student rentals it is common practice to pay for all units to regularly be sprayed. 

For instance, improving your live-in home, if I understand correctly, ads to the cost basis of the property but isn't a deduction.

They famous quote is "when one door closes another door opens..." 

Patience and diligent marketing in new venues may be rewarded in this instance.