From The Chicago Tribune: A team of eight undergrads from Loyola University in Chicago has spent hundreds of hours putting the final touches on a high-end, 10-unit guesthouse they developed and operate across the street from the university campus. Loyola officials tout the $3 million Flats at Loyola Station project as the first of its kind in the country. The students are paid about $9 an hour for their labor and receive three hours of class or internship credit. One-bedrooms at the Flats rent for $125 to $220 per day, with prices going up to $280 for a two-bedroom, two-bath unit with a balcony. Discounted long-term rates also are offered.