That way when your victims, oops I mean students, inevitably fail you can keep finding others to fleece, and sleep like a baby at night. 

I would also speak to your lender, financial institution and the Realtor/Broker professionals about this situation so, you can make sure you are on the right track, and everything works out in your best interest.

These are professionals with additional training and a stricter code of ethics.

Also, listen to podcasts that are geared towards passive investors like Passive Wealth Strategies for Busy Professionals and Passive Investing From Left Field.

Network with professionals to build a strong team.Good luck!

Again, it's important to work with a tax professional to determine eligibility.

You may have neighbors willing to help now and then, but it's unlikely you'll find a neighbor willing to do this all the time, every time, for years.In my experience, most landlords lose far more money through self-management than they would by hiring a professional, even when they live close to the rental.

A professional guidance is what you need.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real estate consumers in our area are fortunate to have access to a large pool of talented and knowledgeable professionals who are backed by a strong association.