I recognize this is an extreme situation, and one can easily find investments that yield higher returns.

You can;'t quantify that so easily... 

You can easily handle it with a single bank account and some simple bookkeeping practices.

What is asked above could be easily looked at by the SEC as breaking the law.

There are absolutely some additional challenges with the rent by room model and I agree it could easily be more work than an AirBNB.  

- Hold it...there will always be down years around maintenance and turnover but time is your asset here and you are in an expanding market.Q3: I am curious to know, have your rental properties outperformed the S&P 500 or REITs and worth the hassle?

I'd suggest investing in a market with strong job growth and expanding economic base, like Columbus, Ohio.

Stephen I can’t quantify that very easily with the information I get to but I would say with decreased in enrollment and increases in number of available units.

The homes end right on their property line so there’s not much room to expand.

Would you be able to easily rent the property in question to a non-voucher holder for $4,221 to $4,921?