There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house. 

Sounds smart!

I have been successful in making wise financial decisions by adhering to this approach and avoiding typical mistakes.Work hard, work smart!

To understand your situation better, it's smart to talk to a real estate lawyer who knows Pennsylvania laws.

I have a smart thermostat installed so I can monitor the usage also.

Welcome to BB.Your smart to seek a Mentor I  suggest he has gray hair.Has done (Flipped, made all the mistakes ,made great money 💰. )And has a great smile 😃. 

All the way around I do not think this is a smart play.

Smart.

Leveraging an FHA 203K loan for house hacking is a smart move, especially with your unique position in a market with unmet demand for student housing page link.

San Antonio is a great market for smart STR investors and I own a local STR management company.