I'd search in/around campus for a 5 BR and see how hard it is to find one.If scarce, I'd start w/ 5 BR listing first.Some additional tips here:Nearing 1,000 College Students: Here's What I've Learned

I appreciate your insight!  

However, the owner has made professional additions such as a 500+ square feet family room and a 500 square feet deck, which greatly enhance its value.

Failure to provide notice may result in additional fees or consequences."  

Happy to share additional ideas - lots to consider!

Any insight you can give me is very appreciated!

Then, if you click on an actual parcel, you'll get a mini-report with additional zoning detail (if applicable). 

If you had to deal with the credit card payments for an additional 6 or 9 months longer than expected, would you be able to afford to hold the property?

Talk tp a professional and see what insight they may have.

Documentation should include details regarding the business purpose, total use of the property, specific expenditures, business usage, and dates of expenditures and use.In the absence of such documentation, deductions are vulnerable to disallowance, leading to potential penalties and additional tax liabilities.