The limited liability protection you are seeking is a legal matter, so no other profession that you interact with has a fiduciary responsibiliyt to care. 

Pace has monthly Elephant Challenges where anyone can join and partner up with SubTo and Gator student to get a deal done.

Edwardsville has a really healthy rental market that always has more renters than inventory, due to the college students. 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

True with every profession, from car mechanics to surgent.

Like most professions, its as "practice."  

My credit score is above 700, I don't have much debt (5k on a credit card and 20k student loans). 

I was leaning toward student rental.

The only exception are those who rent to students.

@AJ Cerbo  Like student leases you make them jointly and severly liable and have them sign one lease.