The model involves renting to college students on either an academic calendar or yearly calendar (some kids stay for summer semester).Researching what other landlords do for the the off campus housing program, many will offer the units furnished.  

Luckily, I worked very early in my life in trades between high school and college semesters and I had some of that.You either need a boatload of cash, or you need a salary/work history to get you in the door to purchase. 

Since you’re thinking about student rentals in Ohio, specifically Akron, 5-bedroom houses can rent out fairly well if you price them right and make sure the layout works for multiple tenants, but keep in mind that student demand can fluctuate with the semester and graduation cycles.

Taking a semester which only covered one formula.  

Be prepared to have high turnover since they move out at end of semester and be prepared to have a cleaning crew and dump crew. 

If you miss a new school deadline and dont fill a vacancy by the start of the semester you are pretty much out for the year unless you want to rent to local market. 

I’m currently in my first semester of a JD/MBA program at age 22.

I just talked to someone in the last week doing this, renting one side out as MTRs (medical workers, specifically RNs who travel here make high salaries here or college professors teaching for a summer or semester). 

I mean - you can, but you will still have to include the semester-long rentals when calculating your average annual stay, and it will break the 7-day rule.

The demand around most big universities is usually steady since students are always cycling in and out, but vacancy risk comes if your place isn’t lined up before the semester starts.