If everything is fine on the legal / rental side of things I would stipulate in the lease that the large living room closet would not be allowed to be used as a bedroom and would need to be utilized in some other capacity i.e walk in closet.I understand no one can give legal advice on this site but guidance or websites to look over would be a huge help! 

But start back and zero if you want for me so I can walk you to your goal...Lastly, price sensitivity hints at low problem solving, scarcity mindset, time value not worth much to yourself (well at least now), so that paradigm will have to shift if you are to become an investment juggernaut.  

If so would you walk around in that area after 8 pm ?   

I'm very active—I ride my bike, walk to the beach about 3-4 days a week, and can walk to most of my workout classes.

. $200 monthly flat fee and they walked away after we did the work and after 1 month.

Make sure to get lease info and walk the units before doing anything crazy.

Of course, the wear and tear was through the roof and the water heater or HVAC never seemed to perform to his liking when it is summer and you have 14 breathing, walking talking 98.6F meat-sicles in the house warming it up.  

I had no idea you could sign a contract and people could just walk away with your money and do whatever they want with it.

I agree stick to more common asset classes like build to rent and horizontal, 3 story walk up apartments, mixed use, commercial planned development, planned developments for residential, hotel / hospitality, single and multi tenant retail, office. 

It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers and contractors.