I've read a few of the BP books written by Brandon & David Greene and they say something similar to choosing a PMC.

They would choose a small profit over a bigger loss.

I don't work on houses, but I have to use B and A-basis values for material strength which in effect means the real material will end up being 20%+ stronger (depend on the material).  

It might be worth quite a bit, depending on how much cash flow it is generating.

Gross revenue varies depending on management company.

I've had 1 tenant stay for 3 years, the others have stayed for a year on average but it depends.

Depending on the opportunity type and the licenses you have, that will either be pretty hard or really hard. 

If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run. 

A place like this may do ok with displaced parties, but not likely for travel nurses or contract workers based on your description, depending what else is out there. 2 bedroom single-family homes are great rentals because they cost way less to buy and don't rent for much less than a 3-bedroom home.

Of course there are other great areas in the Austin MSA depending on your strategy and risk tolerance.Let me know if I can answer any questions or share my thoughts on any other topics.