It can be done, but don't assume "they will cash flow nicely".

To help you, we have developed a simple tool for gauging your emotional response to some common aspects of rental ownership.

Nice, my pleasure Tar-U-Way!

In the Parlor floor we added a large-ish kitchen with electric oven and cooktop that goes to the sub-panel that belongs to the Parlor floor, making it a nice 800ft 1 bedroom apt, with access to a shared backyard.   

@Candy Kimbro Congrats on your STR property, nice cash flow for sure.

Always approach as a developer with a specific usage.  

Eventually, my goal is to scale into the development world, but in the meantime, I am looking for my first couple deal.

The ability to generate more income for simply the cost of a building is another huge cost saving over buying an expensive commercial lot and developing it.

You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.

Yes - having a small trash can in each room is a nice touch—it shows attention to detail and makes your guests' stay more convenient.