Yes

You buy the house and rent rooms to your other friends to cover mortgage and maintenance. Then when you graduate, you rent rooms out to other students of the school and pocket a monthly profit as well as pay the house expenses.

I went to a college where all the houses directly across from campus were “rent a room”. The homeowner general was able to rent the house out for much more than the cost of the expenses and they did any maintenance work when school was out.

Renting to college students can be very lucrative. The benefits of not living in on campus housing is that it is generally much less expensive than living on campus, with more freedom and less restriction.

What if the home burns down?