Options with a 6/2 home? rent-by-the-room, frats, sororities?

[Jacob Barnhart]

There's a home in my town with 6 bedrooms for sale ($100,000 asking price). I never see homes with more than 3 bedrooms up for rent here so I have no idea what the demand would be for this home. Very large families may be drawn to it I suppose, but that's a very small part of the population. I was thinking of either renting out each of the rooms for a low price like $250/mo (nice 3 bedrooms typically go for around $900) or going to talk to some fraternities/sororities on the college campus nearby to see if they would be interested. I would think the Greek organizations would jump all over the possibility of a frat/sorority house and even pay inflated prices for that kind of house.

What would you think? I'm unaware of any laws regarding how many unrelated persons can live in the same house in my state, so I would need to check into that as well.