@Laura Tokgozoglu I am admittedly biased because I am an Enrolled Agent and tax preparer, but I would advise you to find a good local tax advisor.  

Enrollment has grown at a clip of around 15% over the last 10 years, I believe.

I will give you an example of exactly what Natalie was saying. i own 3 student rentals, in a college town of course, the college added housing, student enrollment went down.

You may not make it there depending upon your purchase price etc.All of the expenses are listed out on the partnership return and then the profit/loss is allocated based upon ownership percentage or any other agreement.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

I've posted a few sources for finding information on picking someone.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

You can get these same problems from an enrolled agent or a tax attorney too. 

Prineville has the had the highest increase in K-12 schools enrollment in 2016.  

My name is Tony Speth and I currently have no background in real estate but taking a couple college courses and just recently re-enrolled back into college to continue working towards my realtors license and also my business degree.

@Eric Schrader  As both a real estate investor and an enrolled agent I concur with the advice provided by @Ted LanzaroNot having an Enrolled Agent or CPA on your team to help with these questions early on in the process is a fatal flaw from my experience. 

I enrolled for my courses through Groupon, but I'm sure it's still relatively inexpensive if the deal is over.