If I were in your shoes, I would find a REALTOR® in the Inland Empire who is knowledgeable about both university properties and working with investors.

I really do think you guys need to get off the computer and use some shoe leater, meet people, go to civic organizations, civic events, walk and talk, hand out your cards.

If i were in her shoes i'd keep the house as a rental and pass it onto my kids since it has more value as a rental.

Also, make sure to get a copy of the home owners association's paperwork so you know what you can and cannot do regarding your townhouse since you own the walls, but not the common property the townhouse is on.Unfortunately I have listed a bunch of caveats and I don't mean to dampen your enthusiasm, but I would not want this to be my first deal (which it would be if I were in your shoes).

And the way I see it, she pays for her indulgences (shoes, food, clothes) and I pay for mine (DJ gear, electronic gadgets, computers).

I will Buy Shoes...

If all that you're  saying is valid, and I were in your shoes, I would have already talked to an attorney to prepare the suit on the chance you lose the deal because of it.Please say the financing company put in writing to you that if you got the warranty papers, that would be sufficient.Maybe it's  just me, but I don't  suffer fools for long.  

If I were in your shoes, I'd start with the BP spreadsheet and slowly evolve my own for future uses.

They had a shoe lace tied to the towel rack and to the mixer to stabilize it!!!

So in your shoes I’d be less concerned about “massive debt” and more concerned about “heavy reserves” post-down payment.