We live near a University that has no dorms and had a college student stay with us in the past and I think that is likely the demographic that is most likely to target. 

I've been using Trulia for their crime map, Rentometer and Craigslist to estimate rent in the area, colleges and universities to help determine popularity.. what else should I be looking at?

Success looks different for all of us but we all have an ideal level we’d like to reach before we can claim “I made it.”I want to talk about another side effect if success which is philanthropy.

, windows, blocks from the train, blocks from the store, floor level, trees, facing direction, etc.

I believe it to be on that same level of convenience.

While you did provide a certain level of detail, it's not enough to grant you a very specific answer. 

This house is 2400 sq ft 4 bedrooms (3 on the main level and 1 in the basement) as well as a family room in the basement.

That can be an issue.If the new investor needs such a small amount of money that shows the lender their level of financial expertise.

But there are different levels of motivated sellers.And I've heard DFW market is intense right now.  

Perhaps I should have phrased my previous comment differently...Of the facilities that accept Medicaid we visited in our area, none met our requirements.We chose a nearby non-Medicaid facility that's about $5.5k/mo for 2 ppl in a 2-room suite including elevated level of care.