Rent by the room is the hassle worth it?

[Jeremy Muehlbauer]

So, I have an option to buy my brother's house and I would buy it subject to. He has a great 2.75% interest rate and a ton of equity that he would allow me to buy him out over the next 10 years at a 0% interest rate on the equity.  This house as is is worth about $340,000 I would be purchasing it from him for about $320,000 with a $30,000 down payment.  Between his normal p i t i of about $1,200 a month and the 1166 a month that I would pay him on a secondary note at 0% my total payment would be about $2,500 a month.  The house is a five bedroom could be converted into a six bedroom three bathroom house about 20 minutes from downtown near schools in a secondary suburb. Rents are about $2,800 to 3,000 a month for 4 to 5 bedroom homes in this area.   The only way this would cash flow much is if I rented by the room I could rent it for about $750 per room if I added the 6th bedroom in the basement. The only reason I'm thinking about doing this is because I would get a ton of loan pay down very quickly because of his low interest rate and 0% secondary note to pay his Equity off.  I don't know if rent by the room is worth it I have. I currently have four properties which are nine rental units that all do just fine but I don't have any experience with rent by the room and I don't know if it is a huge hassle or not.  Any insight on this would be great thanks.