I want proximity to public transportation, at least average schools, and good cash flow.

When looking for rentals, I look in areas with middle class people, close proximity to public transportation, schools/colleges, new commercial development, and also what does the city have planned for the area over the next 5, 10, 20 yrs.

Housing, food, garbage, transportation, and death are the only business... that never go out of business.

To meet minimum living expenses (food, housing, clothing, basic transportation, and medical care) in my town of Springfield, MO, you would need around $2,000 / month ($24,000 / year) income. 

It will be more difficult, as you'll need to spend additional funds on transportation, room, etc.Let us know what you decide to do, and if there are more questions you've got about this.

Things like public transportation, parks or natural walking tracks.

Where is their good public transportation ? 

I've worked in commodity, real estate, and transportation markets and have learned 1 thing.

We also strongly believe that area is ripe for growth due to excellent public transportation to NYC (walking distance to 35 minute train ride to midtown Manhattan).  

@Michael BoyerI live very close to the island of Montreal so I am lucky enough to not have to travel more than 30 minutes by public transportation to make it to one of the several universities around the island.