I'm considering a good school district and accessibility to amenities as my primary parameters.

Two schools of thought on diversification ... the alternate to what you describe being what I call the "Mark Twain" portfolio after the author of the quote "Put all your eggs in one basket, and then watch that basket very closely."

The nearby naval base has brought in some more squadrons and the school district just passed a $60m bond for a new high school.

Is it the same as doing classes in school.

Drive around, talk to agents, join a REIA, talk to people in the neighborhood, research prices, tax history, school districts, you name it.

Safe town, Pendleton school system which is great.Easy access to Indianapolis via Pendleton Pike.

Plus you will understand the investor mentality.I didn't have a degree or take special schooling in anything (related to management or business) other than my master's of reality from the school of real estate investing hard knocks. . . :)   I have done a lot of property management in the past 10 years and have continued to build my business.  

It is better to buy a more expensive property (at least 70-100,000$) in a better school district 6.

I think areas like North Royalton, North Olmsted, Broadview Heights, Middleburg Heights, etc will all be better places to do a flip due to the increased price points, better schools and higher income buyer bases.

Now with the city requiring property inspections for all non-owner occupied properties, coupled with poor schools, high taxes and nation leading crime rate, I would go to the Baltimore county to the north and east.