As a perpetual student, I've read where optimizing one means giving up something in the other and I want to understand the interrelationship.

He was convinced it was going to become a very popular location for WMU student organization meetings.Maybe it did and I missed a big opportunity, but I really doubt it

He frequently coaches students on things like floor plan and he really is a master. 

The home is spacious enough to house 11 young college students; at a local growing private college. 

There are many alternatives you can use, I would urge you to check your local laws but I know here in Cleveland, OH we can charge an increased deposit or we can also require a guarantor (who can have different credit req. then someone living in the unit) It's important that no matter what you do you do it for everyone going forward, making exceptions for screening for some but not all can become a Fair Housing issue. 

So much that we converted to student housing in off season and STR only in the summer. 

.- Arlington: A bit further out, but it's a vibrant city with strong rental demand due to its large student population and attractions.- Plano: A bit more expensive but offers excellent schools and a strong job market. 2.

Plus, you have Ohio State campus with 60K+ students.  

Most college students waste a lot of time.

Some should be students in other programs.There are ways to invest without tying up capital.