Should I send a notice out to my current tenants that their rent would be raised to $1400/m effective Nov/Dec 1st and if they can’t do it that they would need to leave by then? 

You are finishing college and you want to immediately declare those four years a waste and not use them except to "take a facilities job for the time being"?

For analyzing properties, BiggerPockets, DealCheck, and Roofstock are great tools to evaluate cash flow, ROI, and cap rates effectively.

Using a service to report rent debts to Credit Bureaus can be very effective at recovering those debts because it can impact their credit report and score for years to come, typically 6-7 years depending on location. 

Rehab budgets can go highDon't waste time listing for sale in a higher interest buyer's market.Should've rented sooner than trying to list for salePick the right agent to sell

Renters:A-Class: Ideally 90% or more homeowners.B-Class: 50% homeowners and 50% renters.C-Class: Predominantly renters.Land Value:In A-Class areas, land should be worth rebuilding and upgrading.In B-Class areas, rebuild as-is if the property were destroyed.In C-Class areas, it might be better to sell the land if it’s not cost-effective to rebuild.Crime Rates:Use resources like Trulia.com to gauge crime levels.

With this approach, you can truly be passive - effectively hiring an asset manager to deal with finding a quality property, hiring contractors to do the work and hiring property managers to handle the tenants.  

To market your long-term rental effectively, start by listing it on popular sites like Zillow Rental Manager, Apartments.com, and Realtor.com.

The great moderation is over, it subsidized investing but had a negative effect on the macroeconomic landscapeThe strong plays are value add, forced appreciation.

With a LTR utilizing MLS is cost effective, you pay 1/2 to 1 months rent on a 12-24 month lease.