@Caleb Rehg  I would advise your first step is to search this site for college student rentals and student rentals and read all you can. 

I would send a lease violation notice that advises the tenant that they have violated the no smoking provision of the lease and that it needs to be cured immediately - to include complying (not smoking) and remove any odor/damage that may have resulted.

Conceptually you want to take an approach that minimizes your need to be on site - and for that reason I would advise against BRRRR.

Also, why do you think so many people are advised to get an LLC when starting in RE investing? 

.: Yes, it is advisable.

Any advise/suggestions would be greatly appreciated.Thanks,Hiren

There isn't enough information in here about the current state of the house to be able to advise you, but I would think #3 is a definite no as it seems unnecessary from a cost perspective although that market has scale to accept it.

Hi everyone,I'm a junior lender on a property, and my attorney is advising me to buy out the first lender so that I can foreclose on the property myself.

Which I also would tell you that if you have trouble managing finances and poor credit I strongly advise against real estate as its capital intensive and if you struggle now managing money having more money and real estate only exacerbates that issue.

so here i am back on the forum, looking for advise for rent collection.