If memory serves me right, there are limits as to how many people of different last names can live in one property.

You may also want to consider ability to restrict access to the kitchen if you are going to have any memory care type residents.I would think you would want to puchase rather than rent a home to convert. 

I can see where bankers would think this... did we just not go through a housing and debt crisis.. we seem to have short memories.. 

They were the first owners of a classic split level home, and full of 50 years of memories. 

Oh man does this bring back memories, I remember wasting a half hour of my life watching a professor write a formula on the black board, when he was done I asked him to give mne one example of how anyone could use this in their life, he said "you will see this again on your test Friday then you will never see this again the rest of your life".He was right.And I thought about dropping out at least once a month, but stayed and got my masters degree.

At the least I would consider it during the winter months (labor day - memorial day).

Someone jogged my memory of this deal recently and I wanted to update those who had chimed in, on the status of the result of this particular deal.  

(SW Houston, memorial, montrose etc) I have access to MLS and the other mainstream investor sites as well and I just keep drawing blanks.

When you get near having to refinance the loan, maybe 2, 3 or even 5 years later, the old appraisal can jog the memory of the appraiser and help them in doing a new one.

I also used quizlet.com real estate exam flash cards to keep it in my memory.