If you use the search function, there are a number of threads on this.Pros-you can rent by the room and make more moneyCons-students are often less experienced at living on their own and may do things that result in repairs (eg wrong soap in dishwasher), higher turnover, more calls to deal with things, higher chance of parties.If you do it, you may want to get a cleaner in once a week to clean common areas (students clean their own rooms and keep the place tidy, wash their own dishes) and you will need to get someone in to take care of the yard.

@Jonathan Baptiste It is too difficult to bill back people with rent by room style of house hacking, you will be unable to make it "fair" for everyone since some people take more showers than others, some people cook more than others, so how would you bill back those renters, or if one renter is gone for two weeks visiting family?  

-Rob,Greg, and Al I'd start with a real estate agent sending you all the new construction 2-4 family styles that have sold and pick one that is small and compact and sells for a premium.

I need to replace the AC and furnace at my rental property, (ranch-style home of 1256 sqft.)

All downtown columbus adjacent zips so 43203, 43205, 43206, 43207, 43223, 43222. would love to talk economics with you and send our floor plans see what you think and style you'd rent 

Really depends on your preferred style.

Most sellers/homeowners only know 1 way to buy & sell, you the investor should have multiple acquisition tools in your tool belt that fit your investment style.

Now, you've got to buy right, furnish it with some style, and hire the right real-estate photographer.

It looks like the regulation will go the way of permitting and hotel-style taxation

I understand everyone's situation is unique and dishing out a couple extra hundred dollars a month on a rental property is certainly not on everyone's agenda or even doable, but I wonder how many others are thinking this way in the short term?