from everyone in your current network and make sure that total amount if 150% or more than the money required to close.There are a lot of other factors to consider but the above it a good start.

You correctly pointed out real estate investing requires liquidity/cash reserves.

What questions do I ask to make sure they can get the job done without me being physically present for months on end?

These loans don't require W2's, paystubs, or tax returns.

It required a cashier's check as well.I drove over from Seattle to Silverdale and it was a fake address on all of their Washington foreclosures.

Lenders will most likely require all these docs.

And also proof that tenants were not harassed when they left is a requirement to the conversion.

You should be able to get maybe 3 properties out of that, and the cash flow from them should start replenishing that savings.Aggressive house-hackingHouse hacking will be a quicker path but requires you live with others.

My position would be to only allow the new resident if they meet your requirement but NEVER let the one moving out off of the lease until all of them are gone.

I understand this requirement is in the Texas Property Code, but I want to confirm it applies to student housing.