Agree with others recommending you review the Denver meet up real estate events--ICOR is a very good one...among others.  

The course was good with a lot of people providing great reviews.

In answer to your questions, it partly depends on the student body in general and on the type of tenants you want.I don't know Baylor; is it an expensive school?

I am a dad and contract technical writer taking my family's first steps into REI.After reviewing several options, my wife agrees that buy and hold real estate in our community looks to be the best investment we can make for our children's college fund.

Generally, paying an attorney to handle the loan docs, title review, things of that nature that we can't recoup if the deal doesn't close. 

I'm new to the real Estate world and want to know is $2000 dollars enough to get started making money my credit sucks no credit cards and up to my eyelids in debt came across some money and wanted to invest in real estate want to be an  entrepreneur tired of working on someone else's dream want to work on my dreams  I'm in the Chicago land area and I'm a quick studie can any body help me learn I'm new and don't know nothing please help!!!

I would ask your lender to review the situation before you make an offer on a property. 

That doesn't even address the issue of market appreciation of the properties in question, or the expected turnover rates for each, or a host of other issues.You'll have to do an analytical review of the pros and cons based on your values in addition to the items which you can actually quantify, and then base your decision on that.Good Luck!

If you keep the rental in your own name you will need to change to a landlord policy you will also need a professional review of your primary policy and if you don't have a personal umbrella policy you'll need one of those too.

I would contact a good tax attorney at this point so that they can review everything that you have, including agreements with the silent partner, how the actual reporting was carried out, etc., in order to determine how to best answer your end questions above.