Apartment to hostel transformation

[Ebonique Esprit]

I am in the consideration stages of turning my low income housing community into a hostel to increase my rent roll. Any suggestions in reference to the pros and cons of owning a hostel. I would strike an arrangement with my money hungry tenant who is currently making a profit from subleasing her unit. (This is an approved arrangement). She would live there, clean and keep order, so front desk will not be a problem. But this is new to new to me. This area rents itself due to convenience, near airport, supermarket, grocery store beaches.