It is a 4 bedroom and studio mother--in-law suit we rent the 4 bed room by the room to college kids as the university is one mile away and the studio we use as a STR and guest house when we have family in town we block dates for them.

Not really, maybe in some existential universe...but as it regards the OPs question, no. 

Most of my reasons for doing so are religious (my studies will be completed with devout Catholic universities and the degrees will be in Theology).

What's pretty universal is that landlords only charge tenants a fair and appropriate rate for repairs.

Purchase price: $393,000 Cash invested: $14,000 This is my first house hack in a university student rental area and I’m currently getting my unit slowly renovated just doing a lot of DIY stuff on it.

Purchase price: $100,000 Cash invested: $40,000 This SFH is in a prominent location in the heart of Dayton off-campus of University of Dayton.

Purchase price: $100,000 Cash invested: $40,000 This SFH is in a prominent location in the heart of Dayton off-campus of University of Dayton.

University Heights, Shaker Heights, Warrensville Heights, and Maple Heights.

We just picked up a duplex near a local university that could have been a great student rental as it is within walking distance to the college. 

I am a recent college graduate from Seton Hall University that just landed her first Career job a couple weeks ago.