Considering I have free food and shelter, should I just focus on studying real estate and making money to invest or should I attend college (approx. 4k a semester)? 

I would prefer to work with someone local but do you have someone out in NYC that you recommend?

Few BP mates recommended the longest term is preferable over the rates, since the tenant is paying it which I agree as well.

Biggest individual expense being food as I have a special diet due to my Chron's and Celiac.Everything left over goes towards paying down debt.

There are always things we cannot control and we prefer to have budgeted for them. 

Not be my first preference.

You just have to pay for your own drinks and food.  

Credit is my preferred option in this case.

However, I would prefer not to lose my life savings and retirement funds because of one incident...with that being siad, is the thought of everything being taken from me if I don't have a separate entity just a beginners myth?

Davon,I guess it depends on many variables that you didn't provide, such as how much the late fee is, and whether you want her to continue her tenancy or prefer to get someone else in.