You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

You will definitely need to underprice the unit until you get some reviews. 

As you read these books, watch the BiggerPockets podcasts.

You are on the hook and can be personally sued, for everything you own.

Welcome to the community and be ready for a huge amount of information at your finger tips.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Any tips?

Here are a few quick FAQs that can help you decide how much you should prioritize staging as you prep for your move.What Is Home Staging?

Does anyone have a recommendation of a national collection agency that is effective?