I have two of my homes that are configured so I am responsible for utilities.

Thanks for the reply...it is a side by side configuration.

There are a few properties in the same neighborhood that sold for $190 -$210k with this same configuration (3 bed / 1.5 bath around 1,100 - 1,200 sq ft) with the basement as an entertainment area and full bathroom all in the last 6 months.

Not saying it can't work, though. 1/1's and 2/1's are a very popular and affordable configuration. 

We believe that the ARV could be between 220k and 250k, but openly admit that neither of us has much experience calculating this (we're just going off what our agent said and what some other nearby turnkey properties of similar configuration have sold for).We're open to ideas.

However, there must be an additional document that more specifically describes each unit, and the common interest percentage for the various size and configuration of different units.

You want to make sure they have a solid HOA or COA and1 BR sleeps 6 (with bunks) is probably the best configuration here for year round occupancy.

Haven’t seen many floor plans with that configuration, but would love to.

I am about to begin a project with the owner of a hi-rise who has dozens of apartment options for me to choose from. Between studios, 1 bdrm and 2 bdrm apartments, which seem to be the most attractive?

There are all different heights and configurations of bunk beds (low to the ground, twin over full, etc.).