Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)?

You might want to start investigating methods for locating off-market opportunities that appeal to you.

I start with the location info, growth, median household income, all the vestmap.com DISCERN metrics.

Some people in your situation do decide to rent by the room but it is location based. 

Some Bay Area investors I know are: house hacking, rent by the room, mid-term rentals, STR (depending on your location AirBnbs may not work).

We have a physical location downtown Greensboro and would love to connect with you locally! 

Only difference was the location and value of the property.

I did an analysis of the location and property.

And I see you're located in Texas.

What is their incentive to pay the rent at a location they are not living in?