<prompt> Human: I am an undergraduate student and I am currently looking for a place to live while I go to school. Lately I have come across the idea of simply taking out a loan to buy a 3 or 4 bedroom housecondo and rent out the extra rooms to pay the mortgage. What are some factors to this idea that I am likely to be unaware of? What are the risks and does this idea sound feasible as a financial decision?Edit: I really appreciate the responses that Ive gotten from you guys. This was idea that my mother brought up and its something that I have been trying to consider but have been really skeptical about. I simply dont know what all is required of me with this sort of thing but you guys really helped me clear that up a bit.  <response>: Can you afford it without any renters? Even if you know youll have enough renters the banks wont care when you ask for a loan. You need to show you can pay for it on your own. Do you have a down payment? Good credits? 