Also, do you have to strictly monitor the number of tenants residing in your properties due to the stereotype of the crowded college houses?

A common complaint I hear is how they feel like there property is treated as just a number or they didn't properly screen tenants and/or monitor the property and now they have to repair a trashed rental squeezing all the profits they hoped to gain.  

Facebook strips the metadata from the image, but if I were to post the raw image somewhere online, the EXIF data in the image would show my GPS coordinates, and risk other investors showing up to make offers, if they knew to look for it.

Pull all 3 credit reports for free thru annualcreditreport.com..Dispute any errors..I pull 1 report every quarter so, essentially I'm monitoring it for Free.  

When you say that you will be the energy provider to the building, how are you planning on hooking your system into the grid and monitoring how much you supply to the tenants?

I will also say that, you may want to use your own mailing service because you can't monitor any mailing company that your hired to send out your postcards! 

Contractors seem to like to choose which jobs they tackle on their time line and according to how they feel.By you segmenting the job you control which items get done first and you can monitor the craftsmanship and attention to detail of the work completed.You learn which contractors to use where in the future. 

@Blake King and anyone else monitoring the thread!

Ive been passively monitoring BP for a long time.

Even if you invest in stocks (usually considered a very passive place to invest), you have to re-balance your portfolio, monitor large trends, check news stories, look at financial statements, listen to shareholder meetings, etc. etc.In this case, if your properties are under an even reasonable property management company, you will be in a situation where your income is more or less "passive".