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)?

Only difference was the location and value of the property.

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

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

And I see you're located in Texas.

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

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

Happy to talk further on the area (we are large enough to offer options to focus on student rentals/UW Madison campus, and anything from Class C to A locations or suburban/surrounding communities) but to help you consider broad initial search, you could start by deciding how important cash flow is. 

I did an analysis of the location and property.

We managed to navigate it, but it was a lesson in the importance of understanding both federal and state regulations.Given your location in Boston, Massachusetts, it's especially pertinent to consult with a qualified intermediary or tax professional familiar with both federal and Massachusetts state laws to ensure a smooth exchange process.