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!