Renting by the Room in New Hampshire

[Alexander M Stanton]

Hey BP Fam! I'm in the process of buying a student rental in New Hampshire, and I'm just trying to make sure I don't get caught holding the bag on a bad deal. 

Right now, it's a 2% deal because it's being rented by the room to mostly students and ski-bum types. The current owner also converted the living and dining rooms into additional bedrooms, effectively turning a 3bed/2bath into a 5bed/2bath to reduce the risk of big parties destroying the property.

Can anyone point me in the right direction to make sure I don't close on a lemon?

Thanks!