@Charlie Ryan, I am a bit confused by your specified numbers, so I want to make sure I am tracking exactly what you are saying so please chime back in if I am missing something below.You have a property worth 430K. 

I suggest looking at the proven, long term track record of each school

It's a good thing to have an inside track!

Best of luck though man, you are certainly on the right track.

Please feel free to reach out if there is anything that I might be able to help with.It sounds like you're on the right track with your research, and I'd recommend that you keep reading, listening, and learning.  

Track everything you are responsible for and review that regularly look at them in an effort to reduce expenses and possibly increase your income.In the begining, just do what is average for that subject neighberhood.  

Account Closed  And your CPA is right, you should keep track of all the details.

In any market, it would be smart to track and contact sellers of expired listings.

You seem to be on the right track!

Then learn how to use General Journal Entries, P&L Reports, Balance Sheets and how to create accounts to keep track of various expenses and assets.