Otherwise, go with the passive route.Here're a couple of articles to help you further: https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estatehttps://www.biggerpockets.com/member-blogs/10850/84064-what-type-of-investor-to-be-when-i-grow-up-active-or-passivFeel free to PM if you have more questions.Best!

Going through this process will undoubtedly give you many valuable lessons that you can apply when you scale your business outside of your own property.

I'm not sure if this topic has been covered yet, I do see a lot of incredibly valuable posts on tear downs but haven't seen any on lots specifically.

What articles, videos and books can you recommend so I can educate myself and learn from my mistake? 

It should really be a team effort and your property management company should be a valuable resource for you.

Having a HELOC when you are investing can be a very valuable tool to use for your down payments and closing costs.

(First they came for the Big Gulps)https://www.bloomberg.com/news/articles/2020-01-27/nyc-apartment-building-sales-plunge-after-rent-rules-dent-values

On a side note - Came across your recent article about parting ways with Bigger Pockets. 

According to the Pennsylvania Landlord Tenant Act of 1951, Section 250.201:Real property, including any personal property thereon, may be leased for a term of not more than three years by a landlord or his agent to a tenant or his agent, by oral or written contract or agreement.Source: https://casetext.com/statute/pennsylvania-statutes/statutes-unconsolidated/title-68-ps-real-and-personal-property/chapter-8-landlord-and-tenant/landlord-and-tenant-act-of-1951/article-ii-creation-of-leases-statute-of-frauds-mortgaging-of-leaseholds/section-250201-leases-for-not-more-than-three-yearsI’d consult with a local landlord-tenant attorney in your state and confirm, but it seems pretty clear cut. 

We know only one person in town who is an investor, and he's adamant that renting to students is a waste of time and money.Of course, only one such piece of advice, while valuable, isn't enough.