It has the tiniest sink virtually no cupboard space a toaster oven sized toaster/convection oven a small microwave and an electric skillet but no hotplate or stove type setup.

Assuming the 2 acres is 100% usable, I'd like to do buildings on one acre and outdoor RV/boat storage on the other acre.I've looked online at several companies that build storage buildings, but I don't know what size to ask for quotes on.Does anyone have software recommendations that can assist in planning and designing the layout of the facility?

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

Talk to the city to see what is needed for a suite and then go through the check list.for tenants, I'm not sure I would have rented a basement suite to a family of 7-that's asking for trouble giving the size of the space.

IMO this is no way to make a living, but if chasing rents and ignoring tenants is the strategy, then you can definitely hit your 1%+ rule here in San Antonio.For my money we've been looking at small multi-family properties in mid to large size midwestern cities. 

The first number is the percentage of an acre. .08 $11,500.32 $18,400.16 $17, 078.18 $22,608.19 $26,032I get it that the size of the lot is only one of several factors in determining the property’s value.

I use $/unit per year for each, and the actual amount will vary depending on age and condition of the property, the location, and the size of the property and the units.  

This is a 10 yr treasury chart over the past 3-4 months. 

Also, it seems like you're intentional about the size of unit you are using for your MTRs.

@Rahul TripatiFrom a renter's perspective, maintaining a lawn of such size incl.