It actually has it's own entrance.

Megan - We bought a property in Fruita near the entrance to CO Nat'l Monument - offered asking -5k, and was accepted immediately.

It has a separate entrance/exit as well.

Would it be possible to convert a SFH into seperate apartments by adding entrances, doors, walls and having a communal area for the kitchen and living/laundry room similar to a dorm style?

The upper unit's only entrance is on the side, where the lower unit also has access to.  

Oh, and the second floor apartment has a walkout balcony that doubles as a rear entrance / exit in addition to the roof of the first floor.Not knowing much about estimating rehab costs, I would ball park it at a $30,000 renovation minimum.

And a 3rd floor walk up attic with a private entrance.

There’s nothing worse than paying an entrance fee only to end up sitting through some traveling guru’s sales presentation.Be sure to touch base again once you settle in to Rhode Island, too!

I'm considering converting my basement into a short-term rental as a house-hack and curious to hear perspectives on this endeavor and if you have any contractor recommendations.Here's some background info:- I live behind a major university- AirDNA has favorable occupancy in this area (~79%)- Basement is a walk-out with it's own entrance and already has an in-ground water hook-upThanks in advance for your help!

One option is to buy and keep it as is, the second is to buy the easment back from the neighbor, and the third as suggested by others is to sell the portion to the neighbor by subdivinding that portion of the property (if there is adequate room for you to have a driveway entrance to your property)Your EMD question.