We stayed at an Air BnB directly across the street from the Baylor campus last year for the aTm game (one hour easy drive to College Station).
Loved Waco. It was great. Chip and Joanna Gaines' Magnolia joint and Baylor U rule Waco. Also Wooly Mammoth National Park is in Waco. Pretty awesome excursions both of them. Great local restaurants in Waco as well.
Baylor's campus and McLane Stadium are both very beautiful, very state-of-the-art, and very friendly. They love RG3 the way we love Bo, Pat, Cam. He has his own statue in front of the stadium. I will say that the Baylor on-campus bookstore puts ours in the Haley Center to absolute shame, but they don't have auxillary stores like J&M, J&M 2, Anders, Tiger Rags, Big Blue Books etc.
Our group will definitely be making this trip and, with any luck, staying in the same Air BnB as last year! SO much cheaper than any hotel and so much more convenient.
Flights from Bham to DFW are pretty cheap. DFW to Waco is a really short drive (a little more than an hour if I remember correctly).
This is an affordable road game. I expect that orange and blue will fill at least 50% of McLane.