Obviously like you stated, taxes and VA limits will be different for different states and countieswithin those states so looking at what you can afford to live within your means in case of vacancies is a big factor. 

Doing so limits a little bit of risk with dealing with market cycles of students and opens up the property for more potential renters.      

(a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following:(i) The operation, repair and maintenance, in neat, clean, good order and condition of the following:(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, and roof drainage systems.

PM me if interested.1) Impose rental occupancy limits: Notify if unit is sub-leased, has more occupants than on the lease, running a business or having regular parties in quiet hours.2) Detect any loitering and prowling.

One of the ideas that I'm evaluating is to acquire a small piece of property within the city limits near a train station of local towns such as Farmers Branch, Carrollton, Lewisville, Plano, Euless etc,.

Things like:- limits of Liability of $1,000,000 per occurance- additional liability limits in an Umbrella policy- having them name you as an Additional Insured and requiring 30 day notice of cancellation- requiring that they hold you harmless and indemnify you if there is a claim- making their policy PrimaryThere are a lot of other things that can be required and what you ask form will depend on what is available, cost, and how it will impact getting a tenant.Talk to your Agent about what protections (alarm, fire doors, extinguishers, etc.) you need to have in place as a landlord for a business with children there all day.  

When your pushing the limit, pitched less likely to leak.

If sky is the limit I'd focus on downtown/midtown...really anything on the grid. 

Hey BP members,Can you exceed the VA loan limit when buying more that one unit (duplex, 3 plex, or 4 plex).

not an investor, not someone with kids ( size and area issues)..... so there is limited number of ppl that would be interested in these condos.