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"$3,000 in case someone flakes out or there is an emergency."
Do you mind me asking how you are paying for college? Money evaporates during those years, and believe me - a broken furnace, A/C, water heater, bad plumbing, etc. will chomp big chunks out of that $3,000 pretty quickly. What if you rent to people who have no respect for your property and destroy the place? What local lawyer are you going to talk to to draw up a lease agreement, etc.?
Your idea is all nice and pretty when you look at it positively, but you really don't need that extra responsibility or financial obligation while you're in college. I would never want a student younger than me as a landlord.
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"Without passion man is a mere latent force and possibility, like the flint which awaits the shock of the iron before it can give forth its spark."
— Henri-Frédéric Amiel
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