with students gone from most colleges for over a year thanks to COVID and the rising cost of college tuition, is renting to students in college towns not a smart financial vehicle of the future?

I bought a place over by our college about March 15th last year before COVID was a real thing.

I recently purchased a SFH with a fully permitted extension (not an attached ADU).

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

I'm a college student and therefore don't qualify for any traditional financing(which I believe eliminates the FHA loan program).

@Anthony Thompson We are looking to rent out by the room for college rentals (we are down the road from Roger Williams), and Bristol actually doesn't have any limitations on renting by the room, so technically it will all be one unit with two kitchens and two bathrooms.

@Alejandro Franco advice is make the offer based on permitted housing only.

Does anyone have any knowledge of zoning /city laws that would prevent me from doing this or would permitting process be relatively easy with a good contractor?

Originally posted by @Drew Sygit:There are companies that will supply coin-operated washers & dryers, service them and split the funds with you.One of my landlords in college did that. 

You can do an adu and a jr adu without local interference -state actually did something right for once🙂 gov code 65852.2 SB13 AB68 AB881 You’re also allowed 2rv hook ups.. you could convert a garage to an adu un permitted and you’d have 5 years to update permits from the time they find out if they ever do at all.