Hey, I was a college student once too, and there is always the concern of rowdy students, and damage to the home. I actually have a house full of college kids (at least I think) and all girls across the street from me. Other than issues with them mowing their yard, they not a problem.
You'll have to consider parking ( 4 people, 4 cars, big enough driveway or off street parking) Be prepared to have each person provide rental and personal references. Possible interview by the landlord to have a comfort level of the people renting. If you are all employed now ( no longer in college) this is a big plus.
Let me know how we can help!
The Fair Housing Act prohibits discrimination in any aspect of the sale, rental, financing or advertising of dwellings on the basis of race, color, religion, national origin, sex or familial status (the presence of children in the family). The Fair Housing Act also provides that nothing in the Act ``limits the applicability of any reasonable local, State or Federal restrictions regarding the maximum number of occupants permitted to occupy a dwelling.'' The Fair Housing Act gave HUD responsibility for implementation and enforcement of the Act's requirements. The Fair Housing Act authorizes HUD to receive complaints alleging discrimination in violation of the Act, to investigate these complaints, and to engage in efforts to resolve informally matters raised in the complaint. In cases where the complaint is not resolved, the Fair Housing Act authorizes HUD to make a determination of whether or not there is reasonable cause to believe that discrimination has occurred.
One other thing, it's up to the landlord to decide if you have too many people living in the house. The landlord can report the information to HUD, but nothing will be done about except to make sure you are not being discriminated against.