Student housing in Pennsylvania

[Kim Alvarez]

Hello I am  pretty new on being a landlord.  I am located in  Bethlehem Pennsylvania I own 2 regular properties that I rent out through Section 8 in Allentown p.a  I live by a few colleges and I'm interested in buying a house and making it student housing but I do not know where to start can somebody tell me what I need to do if I decide to buy this house to make it into student housing. 

1.Does anybody have opinion on if it is worth or better than regular rental 

2. What kind of insurance do you need.

3.How do you manage the electricity and heat does it get split up between the students.   

4. Do you rent the house at one price and all the students  have to split it or do you rent the house by rooms . 

5. Are there any legal permits agreements you have through the city to make a house student housing

Any ideas or suggestions would be greatly appreciated located in Bethlehem Pennsylvania by Lehigh University