Live-In Landlord

[Carson Sweezy]

I have been saving for my first home, and plan to buy this home in a college town. I would be renting out the additional rooms, likely to students. My thought is that the student's parents would likely be paying the rent, and are therefore more reliable to pay on time. Does anyone have any tips or words of caution for living with tenants. I am 21 years old, like plenty of college students, so age would not be an issue with them.