@Joshua Hilliard I would highly recommend connecting with a fellow student rental landlord in your market. Local knowledge in this niche is huge. It's my experience that it is the best thing a new investor in a college market can do. General landmines are great to know but you need to be aware of the landmines that are specific to College Park.
Also recommend this thread. Lots of great info from lots of different college rental markets/landlords: