Single Family Home into 2 Units
I'm actively looking to purchase a single family home investment property in Bettendorf, IA and was recently struck with the thought that perhaps it would make sense financially if I were to find a single family home that has a separate income suite/apartment in it, or the potential for one, so that I could rent out the main house to one set of tenants and the basement apartment to another set of tenants.
What are the zoning implications/legal implications? Does anyone know who I would ask? A real estate attorney who knows Bettendorf?
Also, does anyone have experience doing this sort of thing? What are the drawbacks (beyond zoning and dealing with 2 tenants)? Appreciate any advice, thoughts, guidance from those who've owned this type of property.
Thanks.