Renting individual rooms in a big house

[Paul Sanders]

I have my eye on a property in Lakewood, CO. I like it as a house my wife and I could live in, but we aren't able to be out there until later this year or next year. 

It has 5 bedrooms, so I'm thinking we can rent 3 of those out to individuals for $900/mo each to cover the mortgage plus a bit, and leave the other 2 open for us to visit or airbnb them on the weekends. 

My question is: Anyone have any good or bad experience, opinions, thoughts on doing this? Any tips to save me from some issue I'm not seeing?

Thanks

[Nicole A.]

@Paul Sanders, I used to rent out extra bedrooms in my personal home. The key is, though, that you need to be able to afford that house on your own. Do not purchase a home that you can only afford if it's rented out.

Have a lease for each renter. You will need it to reflect your local laws, so get to know local rental laws if you don't already. If they can only park on the street, your lease will need to state that. If no access to the garage, the lease needs to state that. Utilities included? Utilities divided among number of people in the house?