Where are the most lucrative student rentals?

[Lillie Manon]

I am interested into getting student rentals and I have heard of people renting for higher than market value usually by renting rooms instead of the whole apartment or just being able to charge more for the apartment. I know in some towns they limit the number or unrelated people that can live in one house so it limits your options. What areas do you have your student rentals in that You have found to be lucrative? What have been some of the pros and cons of student rentals?