Student Apartment Property Opportunity

[Tiago Martins]

I am thinking of purchasing a property with a 2/2 house (900 sq ft) with an extra building on the property that has two rooms that are 300 sq ft each. It is near a college, so I was thinking of turning the house into two separate one 1/1 units, and the other building into two 1/1 or bungalows. These would all be student housing at around $400-500 each a month. Are there limits to how many leases can be on one property? I am not sure of the legality. Who would I ask, locally?