There are a lot of factors so more info would be needed to provide any real help.

My business partner and I looked at several factors when selecting the Tampa and Mobile markets.

Or is there another factor (besides proximity) that needs to be considered before a university can be considered a major university and economic anchor?

I know that for CoC the bank financing option is the better route but I'm wondering if there are other factors I should be considering when deciding which way to go.What would you do in this situation and why?

The main reason why I am "giving her a chance" is because I am not in a good position to handle this turnover at the moment. 

I don't want to repeat everything in my profile but I'm looking at several markets in Texas, Maine, New Hampshire, and Kentucky.Currently I'm active duty Military working in a medical administrative field.

I guess the question is what are the reserve requirements.. and keep in mind they are for your own good.lack of reserves was one of the main reasons investors in the landlording business fail.

I would put it on the tenant, mainly because for financial purposes they will have to take over those payments once the house is theirs anyways.That being said I know my HOA does not allow transfer of fees to a tenant so I have to pay myself every month.

My main goal is to buy and hold small multi-family properties. 

If I were you, I'd start networking with others in your area to see what's normal, expected, and what are the main hurdles that investors near you are having to overcome.