Zoning Ordinance ExceptionsSome properties in the target zone don’t meet the minimum lot area or width size requirements under the zoning ordinance, yet houses exist on smaller-sized neighbor lots.How could these properties get approval for development?

Was the condo a good size unit and in good condition?  

Get you ducks in a row before committing.Also, not an expert in that area, but I cannot believe that a cabin double the size will do the same revenue. 

So, what is your loan size? 

I'm assuming if its a full build out it ran in the area of $600K +/- depending on size....odd to think it got built out without a lease or other commitment from someone.Ultimately in my world (retail medicine) it comes down to the physical location and attributes as it relates to the surrounding demographics and populations. 

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

In addition to that, the septic tank is undersized for the size of the home.

I would be cautious buying in the saturated areas because there are so many similarly sized properties that price is becoming increasingly the deciding factor. 

I have tons of those moisture absorber packets (from supplements, etc.) and will bring different sizes to see what works next time we swap out batteries.