SFH with MIL as a rental?

[Scott Decaria]

Hello BP, I'm thinking about purchasing a Single Family Home that has a Mother-In-Law apartment in it solely for use as a rental.  The thought is to split it up and rent each section separately.  So it would basically be one unit upstairs and one downstairs.  I have a few rentals now, but I've never gone this route before.  Have any of you done this?  If so what has been your experience? I still need to figure out what the regulations are in my area, but I'm curious if anyone has pulled it off or tried and failed?  Thanks!

[Hattie Dizmond]

As long as there are separate entrances and sufficient privacy, make sure you're within code.  It should work fine, particularly if you have access to folks who need less space and lower rents...think students, medical interns, etc.