Starting With Student Rentals

[Nathan Atkinson]

I'm just getting into real estate and I'm trying to do student rentals as well as house hack. I'm starting my freshman year in college and the best look property in my area is a $130,000 duplex that rents out for 1,350 monthly, the owner pays utilities, and has a detached garage. Each apartment has three bedrooms and one bathroom and to room at my college is about $600 a month not including food. Would it be a good idea for me to buy this property and try to have students pay $300-$400 monthly per room then eventually turn the garage into a studio apartment? I also would have to figure out how to get the current tenants out to make room for the students.