Rapidly growing small town, college housing?

[Chance Bostick]

Hey guys,

I just finished reading Rich Dad Poor Dad today and really enjoyed the book, but now I'm ready to start taking action.  I live in a relatively small town in central Texas with a population somewhere around 21,000.  We've got Walmarts, movie theaters, a bowling alley, a lake, tons of restaurants, etc.  We are an hour from Austin, and 2-3 hours from Dallas, San Antonio and Houston.  We've got a University in town and a ton of new businesses and housing developments are going up left and right.  New schools are being built, including a 2nd high school.  It seems like a pretty great time to dive on in and get started.

I had originally wanted to house hack a multifamily, but there aren't any here.  At least none that are for sale.  The ones that are here are either brand new or 20 miles away in a high crime area.

After reading that book, I've started thinking about other ways to invest and am now considering a single family home that I could both live in and rent out the other rooms to college students.  Does anyone have any experience with this or advice?