Your returns could be increased if you are willing to rent it by the room to individual students. 

Then gloat about how much they made on the exit meanwhile dragging the neighborhood property values and increasing crime the entire time.

I've found the easiest solution is to have a really strong banking relationship and then they will be able to provide non-standard offerings. 

It might be one of those positive sunk costs to increase the value when financing.

It's a site that is increasingly becoming more obsolete as each day passes.

Do you think the area will increase in value?

Lastly, if you’re currently taking a homestead exemption on property taxes, once that drops off (if you’re currently taking chose to transfer the exemption to your new home) your property taxes will likely increase $1k-$2k thus increasing your monthly mortgage.

Hoping (SD) rental amounts have increased and renting it out/refinance if able/eating the cost. 4.

The shares are represented by certificates sold to investors for the purpose of maximizing value and lowering risks of pooling payments on fixed assets, which allows for increased liquidity, thus aiding the total market.

This demographic is projected to keep increasing over time, so I would do whatever you can to hold onto this property (ie cash flow well).Furnishing 700 sqft with PB or West Elm (you and my wife would get along great, Bonnie) won't be price-prohibitive and well worth the cost.