Here is my very broad, general knowledge for anyone considering Baylor who hasnt been to Waco, TX or Texas in general. I am from Texas and love it. Also, I know many people who attend/have attented Baylor undergrad.
-People are really nice.
-It is definitely more conservative than most places, the rumors are true. That can be good or bad.
-Be prepared to be surrounded by Southern Baptists.
-Waco is very boring. However, you can always go to Dallas or Houston for the occasional fun time (if you have any time).
-If you stay in Texas (probably a good idea), alumni will flock to you upon hearing that you attended there. My parents have friends who are lawyers who have tried to talk me into attending there.
-If I was going to stay in Texas, I would try for UT, SMU, U of H, and then Baylor. Just my opinion.