Or I can possibly leave some commercial property in the front facing the 107 Hwy and develop residential lots in the back.

Alex & I meet occasionally at the local REIA (Baton Rouge RING).Baton Rouge & surrounding parishes now have a local, face to face money source. 

This is a key question that will play a big role in any outcome.2- If your rent is barely covering the mortgage, you are losing money (i.e. cashflow) each year.  

with a goal of understanding problems faced by other entrepreneurs/business owners/investors, etc.

If any of your borrower's default, your investor could be facing an uphill battle. 

Lets face it, college students will be pretty rough on the place.  

I walk into the kitchen, and a lady was in there, she went pale white in the face, she totally fell backwards and collapsed on to the kitchen floor hitting the stove and shelving.Not only did I scare her, she had a medical condition.

By the time you factor in maintenance, capex, vacancies,  and other expenses, you are barely breaking even (or possibly cashflow negative).And buying a property for more than it is worth makes it hard to exit if things go wrong.

The report will tell you the city's income growth, population growth, changes in unemployment, who the biggest employers are, growth plans for the city (i.e. how they will use taxpayer money), risks the city faces, crime rates, and I could go on and on.

I have had a live google hang out (same as skype or face time; video chatting) to show wholesale property.