I would tend to agree with most of the responses here in that it should be a financial decision.

Satellite campuses like Clear Lake and UH- Downtown tend to attract commuter students who either live at home or have other living arrangements.Now if you were talking about possible student housing around the main UH campus, I think there's some opportunity there.

As such, this type of house is much older and tends to have related issues with age unless it was updated at some point in time (e.g., cast iron plumbing, old electrical work, inside walls are not sheet rock, they are plaster, etc.).

That being said, I would recommend determining what you can do budget wise monthly and plan to be consistent with that budget for 5-7 months.Direct mail tends to work best when you send a campaign of 5-7 different pieces, 3-5 weeks apart from each other.

They are often beyond the partying phase of school, have shown to be more responsible and reliable than undergrads, and tend to renew if they stay in their program. 

Nobody knows for sure what the future will hold, but if you look at current population tends, lots of people are moving to large and mid-tier cities in Texas.

There was a laundry list of Minor tasks that needed tending to.

In that case, you could use a 203(k) FHA insured rehab loan.On a side note, it's hard to find HUD homes in certain parts of the country and they tend to go quickly in areas where they are hard to find.

Do the areas that get the most Airbnb/VRBO traffic tend to have condos or SFHs?

I tend to agree. if damages are less than attorney fee's I personally would opt for returning the balance of the security deposit, unless she is suing for like 3 times the amount or other damages.