And, they are in a rental market where they don't have to rent to Section 8 tenants, if they don't want to.Now, if I was to buy with the intent to rent to Section 8 tenants, I'd buy a building with lots of little studios, and turn the place into a 55+ or better yet, a 62+ low income senior building. 

Plus, it could be a great studio or office space.If the only choices were the garage apartment and a basement, I'd vote for the garage apartment, though.

I had quite a few that stayed after they graduated, sometimes for several years, even in tiny studios.  

Depending on the time you can dedicate to this studio you can probably earn more than rent offering it on airbnb.If you don't have the time for and airbnb option, post your craigslist ad and direct them to an online website form. 

I had tenants move out of a small studio apartment I have about 3 weeks ago.

The problem with driving, is parking on campus or even close to campus, is a hassle or really expensive.I'd avoid condos if possible, because of the HOAs.I rented out really small studios.  

They are pretty messy and always leave projects everywhere, but are generally not home and busy in their studios.

You can search my posts for lengthy advice LOL.If I was looking to buy to rent to college students, here's what I'd look for, after learning for 8 years:Buy or convert a building to small studio apartments.  

@Mike Lalor If you can get 1st year law students to rent from you, my experience was that they would often stay for their entire 3 years, and sometimes longer than that, if they were going to take the CA Bar exam.I rented mostly really small studios and my goal was to keep each tenant at least one year.  

Not sure if that would work for you, but you could look into it.Here's a little info:https://nhlp.org/lihtcoverviewThe ones that I've lived in have had different sized studios and one-bedroom units.