In-law suites

[Jeff Bonner]

So I bought and owner occupied a single family rancher with a finished in-law apartment in the basement. When I bought it, it was with the intention of my dad living with us until he needed to go to a home; but I also had recognized that there were a lot of boomers, as well as millennials, whose families would benefit from that sort of set up. 

I now rent the place out to college students, and it's been good. I have recently read that these in-law suite set ups have gained popularity. Have any bigger-pockets people out there had any success with actually renting to a family that had an adult millennial, boomer parent, etc living in the basement apt? If so, how's that going? Do you see an appreciation from the market for that product in terms of rent premium?