Sorry if I didn't supply enough details as I'm still trying to educate myself on this. 

There's obviously more details to the story and lots of lessons learned here.

It was a simple letter with no additional details aside from the new loan number and address of the new bank.  

You can PM me for more detail 

There are a lot more details to this story, but in the end, although it may have actually needed around $40k in repairs, I still felt comfortable purchasing at $187k.

She either qualifies or she doesn't, you offer her housing if she does, and move on to the next applicant is she declines or is not qualified.Commute times and other ancillary details like that are not really your concern (though commuters are not a protected class, so I suppose you could legally make commute time a screening requirement if you were so inclined). 

I'd encourage you to do some analysis on your area don't just make the assumption the market is good because of the college although that is a good indicator.

Just thought I should provide some additional details.

Below are the details:- Single family home, 3 bedroom 2 bath- 1464 square feet- $310,000 asking price- built in 2003- 20% down with an est. mortgage of $1,347The home is in great conditions and won't need any major repairs.

If interested PM me for details.