Basement apartment opinions

[Chad Lundquist]

Hey BP family, we've decided to add a basement apartment to our house and we're trying to decide if we should go with a long-term renter or if we should try short-term (think traveling nurses / doctors, not Air BNB) and fully furnish the apartment. If anyone has done this and has any suggestions / comments I would love to hear them.

Also, if anyone has added an apartment in the basement as an Income Property and dealt with their electrical box in the apartment how did you handle this. It's the only hang-up we're having is that the electrical box would be in the walk-in-closet of the apartment. Please advise if you've come across this and how you handled it or if you have any suggestions.

Thanks in advance for any input.