Kid going to college - RE strategy options?

[Shaun Ng]

My daughter is going to college this fall. I'm exploring RE strategies in her college town for the next 4 years and potentially beyond. I can't seem to find anything in past posts. Options that came to mind:

1) buy and rent to my daughter (at market rate) and her friends

2) rent a property and sub-lease extra rooms to my daughter and her friends

3) daughter to buy on her own and sublease additional rooms to her friends

Assuming zero price appreciation in the next 4 years, what are the pros/cons for taxes and other considerations?

Thanks!