It is not a classic supply and demand issue.

I am definitely not naive enough to think I can just jump right in to what you guys do, but am eager to learn everything I can on the subject from the beginning.tl;dr: If you could, please suggest some books and classics that I may read to get into landlording for the long term.

you got scammed sorry to say.. classic case.. 

@Marc Jolicoeur  disagree with Charleston..... and or it may be heated I can attest to that I have not built one home there in the last 24 months that did not sell at foundation stage.this is a classic area of NO inventory and no way to sprawl..

A pretty classical definition of being wealthy is defined by being able to decide how you want to spend your time.  

If you are thinking of rent to the college crowd in general, stick to the classic rental agreements with parents as co-signers.  

In any case, this is a classic example of hearing it on a podcast or at a seminar doesn't necessarily translate to an idea working in real life (or shall I say real estate life).Hope things worked out for you, Jon.

I'm presently working through the classic "Think & Grow Rich" by Napoleon Hill.I appreciate the insight everyone has provided me over the past 6 months. 

Since then  have "graduated" to doing commercial work in multi-family, retail, claims and identity verification.I get to see classic cars, like a 55 Chev Belaire, 69 GTOs and 68 Z28s.

You’re doing the classic newbie mistake by getting caught up in the “what if’s” and the “how’s”… Just go out there and do your first one, you’ll be surprise how much ******** you have to go through but then as you keep going it gets easier and easier and you meet more and more people and then lenders and (potential) partners will be calling you begging to finance your next deal.