Single Family Rental vs Student Housing Conversion

[Katie Neptune]

Hi there,

In the process of searching for our first rental property and saw a couple prospective properties yesterday.

Thoughts on making a currently single family rental into student housing..

Current tenants-month to month rent, been there 3-4 years

Home is in a prominent student housing neighborhood, would increase rent significantly 

Would you chance loosing a paying tenant to try student housing? 

No matter what the current only bathroom needs remodeled asap due to water damage starting.. thoughts on navigating that with a current tenant? Is it even possible?

Any thoughts or advice is greatly appreciated!