My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

That's 8 yrs of hard schooling 'after' 4 yr college. 

I am looking at: Oxford: looks like having a great school, Having a few great towns around, like Anniston, Munford, Weaver, Jacksonville.Lincoln/Eastaboga: even cheaper than Oxford, but not as good as Oxford in term of school.

btw I also just finished the “schooling” this past Monday.

This 4Plex is in a great rental area with Centerville schools and great parks and shopping and food close by.

Have you reached out to local businesses, schools, hospitals, etc.?

I won't go into much detail, but I do have a decent athletic scholarship that saves a healthy chunk of money for myself.

This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!). 

Decent area, but not one of the better school districts or better parts of town.   

Just sell it and call that tuition to the school of life.