I started out house hacking too (still do) and now I’m a mortgage broker helping others create financial freedom through real estate here in Tampa/St.

We renovate to get approved, move tenants in fast, and keep maintenance low.

Many managers get jumpy around rooming houses.

Now, I also thought, "Since the house is smaller then at least my mistakes will be smaller" and that was enough for me. 

@Christopher Tinelli when I first read the title, I thought YOU are a PMC and your BP profile seems to confirm this.Unfortunately, most of the responders seem to be answering as if you bought the property.Recommend checking out NARPM, there are a lot of student housing PMCs there.Here's what I can think ofPMA: you'll want to have a charge for periodic walk-thrus, like almost monthly.

@Paul McEvoyHey Paul, I see what you mean about the NJ Shore market being super tight on cash flow and rising taxes, it sounds like your properties would sell quickly given the demand and values, a couple options to consider are either selling and taking that equity to invest in markets with better cash flow or using creative strategies like 1031 exchanges to pivot into multi-family or single-family deals in the Midwest where you can get off-market undervalued cash-flowing deals, it could turn that high equity into steady income without the headaches of low yield and rising taxes

BUT people are looking at the wrong house.

That's stable income from day one, which is critical for a house hack.Since you asked for perspectives, the one thing that always comes to my mind is cash reserves.

Hey Elias, great thinking this early, most people don’t even learn about house hacking until years later.

We only accept Section 8 in Source of Income protection  cities.Section 8 in it's current form is the kiss of death for low income residents.