Typically college students can be on a 1 year lease and only live on campus (if they are local) from Late August to early December (semester 1) then late January to early May. 

Also, when you go to college they don't teach you for a semester and then tell you that if you want to learn more you need to pony up some more cash to continue.  

@Daniel Molina It's a specialty investment focus...running in very deliberate cycles based on the academic semesters...it can be highly lucrative, but it can also be a total nightmare without the right property manager...miss an advertising date for leasing units and you may be done for the season with 0 occupancy.There are a lot of nuances to think about...I have been in dozens of rooming houses like you mentioned...99% are not in compliance with basic standards like fire/safety (will your tenants die if there is a fire on the 3rd floor and no escape)...you may have zoning issues as well...occupancy limitations, etc.

I get 1 or 2 requests every year for housing for only a semester (fall or spring), but not enough to seriously consider it. 

I ended up pretty much flunking that semester.

@Jason AllenI was only in my first semester of my second year at community college.

College kids are usually looking for places after the semester ends and during the summer, so filling the property, signing leases and things like that is done during the school breaks--which is really convenient. 

The first thing that I want to do is get my Real Estate License and maybe a part time job in real estate after my semester is over.

If you got it, you might need to do STR or MTR until Spring Semester.

My semester is around the corner, and I'll have less time on my hands, but I want to own a home within the next year.