As you've mentioned, great schools, area in general is nice and it's centrally located.

It’s like becoming a landlord and real estate broker investor on training wheels. 

.- The TL states that those are technically the team's leads and I will owe the 20% if they convert within the year since I was given training (which I was not), lender referal (which was forced on me by the TL even though I work with my own lenders for my clients).Is the above statement true/legal/valid?

This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.

I went to school at Washburn and my thoughts and numbers are pretty thin in Topeka.

I am not going to move into a dormitory style house and raise my two year old in a location with poor schools and incredibly dense housing, unless I have no other option. 

Also illegal for the entire school year, if the tenant has kids in school. 

Make an informed decision if you think people are properly trained?

I disagree--there are more tough times ahead, but as stated above there is light at the end of the tunnel and this time it's not a train. 

These are professionals with additional training and a stricter code of ethics.