Advice needed: Rent to students or family.

[Quan Tran]

So, I am about to purchase a 3 family home in which my family will live on the first floor and rent out the 2nd and 3rd floor.  I am currently living in a 2,400 sqft single family with 4 rooms 2.5 baths.  My plan to house hack is to rent out my single family home to students vs a family.  To rent out to students, I am planning to convert a spacious family room and a dining room into two additional rooms.  So, in total I am renting out 6 rooms at $700 each so total is 4200 to rent out for students vs 2500 to rent out to a family.  Please, let me know the pros and cons for this.  Thank you.