Both have good school districts and are desirable.

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

But city governments, schools, public libraries and first responders could face major budget shortfalls."

Due to crime and poor schools . 

Go visit all the other new/newer buildings around there to see what amenities they offer like dog washes/automation/business centers/fitness centers/package lockers/etc and compare the rents.   

Only nearby city that rivals it is Amarillo (2.5hr drive north) and it does not have anywhere near the education infrastructure or $$$ inflow Lubbock has (at least not yet) with Texas Tech and associated schools, SPCC, LCU.

Purchase price: $205,000 Cash invested: $27,112 Bought for $205,000 in the Maine-Endwell school districtMonthly rent (pro forma with 3 month stabilization) $4,800Taxes: $9,238Insurance: $2,642Gas/electric: $0 Water/sewer: $2,451Total expenses: $14,280 I used a conventional 10% down.

No room, then I question how serious they are about training...and you need training....real estate school teaches you laws, contracts, and concepts. 

My current situation - I have a FICO of ~630 (no late payments or derogatory marks, just credit card debt from school). 

You're goin' old school.