And at that size you might also be able to find some info from public companies that own or manage similar properties.Where did you get the 7% for property management?

RCW 9A.52.090    (Revised Code of Washington)Criminal trespass—Defenses.In any prosecution under RCW 9A.52.070 and 9A.52.080, it is a defense that:(1) A building involved in an offense under RCW 9A.52.070 was abandoned; or(2) The premises were at the time open to members of the public An owner may, through words or actions, express or imply that he/she no longer has interest in the property. 

I use StarPoint Screening for a background check and public court records and ClearNow for rent collection. 

Never post on a public forum how much cash you have sitting around.Be prepared for lots of random colleague requests and messages now.The answer to your question totally depends on your goals and risk tolerance.Do you want to buy SFH's or MFR's?

https://www.seattle.gov/dpd/permits/permittypes/cu...http://www.kirklandwa.gov/Assets/Public+Works/Publ...

Are the enrollment trends available to the public even if it is a private university?

If the commute times are under 30 minutes, you are probably in the clear but consider how commute times may change with population growth in future.Hope this helps.https://www.citylab.com/transportation/2014/06/why...https://www.citylab.com/transportation/2012/11/ped...

I don't think you should pay anyone because all of this information is public.

Whatever business entity you choose to do business with the public, it should NEVER own any of the property.

Then registered agent fees for the state you set up in. https://www.cyberdriveillinois.com/publications/pdf_publications/c216.pdf