Then, look for the neighborhood all the students want to live in. 

Per my understanding, if I have an Umbrella that covers my net worth, then even if I lose on a lawsuit, I will not lose any asset.

I suspect even the banks who are aggressively expanding are doing so merely to sure up their geographical presence  to in order to expand their customer base but will then pull back on their branch numbers.Unless there is significant term remaining on the lease, there are other retail concepts that would be deemed more marketable.

The company had a great track record, leading up to then.

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

I reached out to both of them, but then I didn't realize how many random internet people were reaching out to them.

OK so buy and hold fund then.. gothca.. 

Then you can house hack.

My advice, find someone who really knows their stuff to partner with until you've figured it out...and then understand that you'll never stop learning.

Then you can just go to the chat, and analyze the deal, it can even pull CMA and rental estimates, count in the repairs and get you cash-on-cash or cap rate or whatever metrics you need.