I had already decided no way in heck was I going to rent to this group.If I were to rent to students I'd probably choose someone who is further along in their college classes as opposed to a freshmen level student away from home for the first time (and some colleges used to require that 1st or 2nd year students reside on campus unless married or older).

So far, I have come up with the following ideas:- airbnb- bed and breakfast- car storage- boat storage - trailer/motor home storage- shared workspace/office space rental- general long-term storageDoes anyone have any other suggestions?  

Benjamin,The Umbrella policy generally just provides additional limit of Liability if the underlying limit of the Homeowners, Dwelling Fire, Auto, boat, etc. is exhausted in a claim.Most of our carriers that offer Water & Sewer line coverage offer it as an endorsement on the Homeowners or Dwelling Fire (for 1-4 family rental dwellings) policy. 

.)$2million on a dozen rentals, 2 personal residence, a motorcycle, and a boat, runs about $1400/year.

Totally agree about the access to CTA lines--one of the greatest benefits of living in the city--having a world class, reliable public transportation system at our disposal. 

My place is somewhere in a B class neighbourhood, I’m thinking it’s worth the extra cost to maybe just commit? 

Keep in mind that you will learn almost nothing about investing in the realtor classes, so read all you can and listen to the podcasts.

This property is located in Dayton.  4 1bd/1ba rooms in a C class neighborhoodI want to get everyone's opinion on how good a deal this is.

I am in a co-op program which means I rotate between classes and in-field work each semester.

You can still screen your tenants as you wish assuming you don't violate a protected class.