Ideally you should have money coming in from RE and some cash reserves set aside before you quit.Good LuckDerek Dombeck

Yes, to have something similar for Investors would be ideal, although, I feel like it could be used for investors.

Ideally you make a few calls and the property is sold.

But yes asking a friend will be ideal. 

I was reading about how it's ideal to target out of state administrators, do you find this necessary or does any probate do? 

Ideally you should have at least 2 of the 3.Perhaps stay at the job a little longer.

... locate housing as closely as possible to the university (ideal would be no more than 2 miles away, so you can ride bike/bus or walk to school) with 3-4 bedroom with 3+ baths, common area + kitchen (probably need some renovation work which equals sweat equity), get 2-3 roommates and their rent should pay the mortgage ($450 times 2-3 goes a long way toward a mortgage), so you live rent free or as close to free as possible .... think like an engineer, make the numbers work! 

I think a hybrid is ideal - you still want to keep the original docs you have your tenants sign for lease, but at the same time it makes sense to scan them and also store them digitally.  

Ideally with trusted, quality property managers in place.

Ideally, you would have had an inspection contingency on that contract you signed.