A lot of people rent to college students and they seem to do well with co-signers because the parents are usually footing the bill anyway.

One thing we are considering is renting spare bedroom(s) to students on their rotations.

Two 20 year old newly weds/full time students, a Mom, a Sister, and 3 cats in a 3 bedroom condo. 

Student loans, business debt, credit cards, you name it.Would it make sense to spend a bit more on the reno and sell each unit as a condo?

Even after college, be frugal, live like a college student still, house hack, invest the money earned rather than spending on shiny objects.

Bought it for 56k; paid off student loan and car debt.

I have an opportunity to purchase a SFH in the Boise area which will be used as student rental. 

@Glenn Jubildo - On top of everyone else’s concerns, that I feel are very valid,  before you purchase a 4-5 bedroom home that you plan to use as student housing, you may want to look into 1) whether or not it is legal to rent to 4 or more unrelated adults in your market (in mine it is not) and 2) if you will be able to find a property manager willing to take on student rentals. 

I started investing in student rentals 3 years ago to escape the 9-5 at the age of 33. 

I have 8 units 1 mile out from the university student center and on the edge of what might be described as "the hood."