We do this with a larger number of bedrooms, using as you'll recall from first post a 3-story on grade townhouse style unit (in a later post I'll upload some plans to review).So for all this explanation, the short story is to select sites that:- are in neighborhoods where your tenant profile wants to live and pay the rents you want (really need) to charge- can accommodate unit types that renters want - fit the maximum amount of units that are needed given economics and zoning of your deal- can be built cost effectively- capital wants to finance- can be bought for land prices that work for your deal economicsThat's a lot of detail packed into that sentence, so feel free to ask questions here, lots to think about and consider.Regarding the process of finding sites.

People will always want accommodation, and with the current influx into major cities there will always be a need for a roof to sleep under (especially middle to upper class). 

I do know that many times sellers don't want to wait or extend the PSA to accommodate the longer times an SBA can take; that is where we have stepped in to provide the bridge financing.

The installation has to meet inspection standards.In order to have an apartment in a house in Boston, it either has to be a legal 2 family by certificate of occupancy, or has to have a permit for the accessory apartment.To get a permit for a basement apartment in Boston, it has to pass fire codes, have a minimum ceiling height 6' 8", and have two means of egress, which could be a separate outside entry door to the basement or windows large enough to accommodate a person.

The lender I spoke to could not accommodate me but found me a private investor to give me a loan.

He paid a small annual sum for this accommodation.

We're beginning to see two distinct downtown-like skylines already.Recently, city officials revised zoning rules in The Domain area to accommodate buildings up to 45 stories tall.

I tell them if you are not the kind of person who is comfortable with entry when you aren't present you have to arrange your schedule to accommodate repairs. 

If it is 120 degrees but lease and law does not dictate other accommodations are required to be provided then the LL does not need to furnish alternate accommodations.  

Many fly-by-night operations will talk a real good game but then suddenly stop responding or 'not be able to accommodate you' if you ask about coming out to see them.