Ok, student housing take 2.
Before, after renovations I ended up renting it to a big family.  Now that the family is moving out next month, I have plans to sell my current house and move in there.  Will take over one room and rent the other 6 bedrooms to college students.  I will turn the living room 1 into entertainment center (tv, my collection of 500 movies, etc.), living room 2 into a library/study area, the sun room into reading space, etc.  Will put 2 large fridges in the kitchen.  Hang lights around the balcony.  Put a grill in the back porch. For each bedroom, I will put in a twin size bed and student desk.  In other words, I'm going to experiment with some things I wish my dorm had when I was a college student.  Heck, I'll even put a piano in there.
This is my first time doing student housing, so I will be living there at first to get it started and see what needs changes and all that good stuff.
Oh, and I am definitely hanging up a giant rainbow flag out in front.  While I will not strictly rent to lgbt students, I will make it known that it is an lgbt friendly place.  I was driving around in the area and saw several big rainbow flags on the same street within a block away.