First Property in a College Town

[Jared T.]

This coming fall I will be moving to a new area and was looking in to buying my first investment property.  I will likely be in this town ~5 years and figured this was a good opportunity to get started.

I was just wondering if anyone had any experience being a live in landlord as I was thinking about getting a SFR 3-4 bedrooms and renting out 1 or 2 of the other rooms depending on the payments in order to live rent free. Also, would it make sense after establishing a fund for CAPEX and miscellaneous repairs for me to charge myself rent in order to obtain more equity in the property or if I should just put that toward a new property instead?

Thank you for your advice!