Renting out to college students

[Amelia McGee]

Hi everyone!   I live near a state college and found a fixer upper for sale less than a 10 minute ride from the college.  I was wondering if anyone uses their rental property solely for college students.  There seems to be so many pros to doing this with the property I found.  Its literally a block from the main street which means its near transportation.  There is a park and a library right across the street.   Its a diverse, safe community.  Everything is in walking distance (grocery stores, coffee shops, fast food, 7-11, Blimpie, CVS, Walgreens, Tire shops, Car mechanics, gas stations, small restaurants). They could even ride their bike to the school because there are safe bike trails.  So I guess my question really is, has anyone found success in doing this?   

Thanks!