We live in the spacious bottom unit and rent out the top unit.

Has spacious bedrooms, one full bathroom upstairs and a half bath downstairs, living room, fireplace, granite countertops, refrigerator included, new interior paint throughout, high ceilings & skylight offer natural sunlight, indoor utility room, Relax and enjoy the patio with family and friends.

Upstairs a spacious master bedroom, with an over-sized walk-in closet & private access to the upper bath, delivers a relaxing retreat with a touch of personal serenity.

I'm hoping to not spend more than 90k on the conversion but the lot is spacious so would ultimately like a 1 or 2 bd if possible.

Purchase price: $61,000 Cash invested: $6,000 spacious 3/1 w/ full basement, fenced in yard, well cared for home. love the house!

. - building 1: 4 unit, all brick, double lot building, none of the units have been updated, but all are rented out, one room doesn't have a closet it's across the hall, spacious, enclosed porch, no washer and dryer in unit, and no garage. 

Sale price: $200,000 Stylish and spacious, Newly renovated Luxury home at a Affordable price.

Here’s new regulations the Planning Commission recommended for short-term rentalsA spacious, four-bedroom home in the Highlands, marketed as an executive rental or for families. | Courtesy of Key Source PropertiesThe Planning Commission didn’t favor the most drastic option — prohibiting non-owner-occupied short-term rentals in residential areas — but the commission did recommend that Louisville Metro Council approve several other changes to its short-term rental ordinance, commonly referred to as the Airbnb ordinance.The suggested changes include:Increase the annual registration fee for short-term rentals to $100 from $25.Require hosts to post a copy of their city-issued registration near the entrance of the property so that it is visible from the exterior.Require the host to provide their name, telephone number and emergency contact information to adjacent property owners.Have a licensed fire prevention inspector or a home inspector inspect non-owner-occupied short-term rentals to determine any safety issues.Require non-owner-occupied short-term rental hosts to register their rental within 60 days of receiving a conditional use permit, or the permit will be null and void.Permit the city planning director to deny short-term rental registration to any host who has had his or her registration revoked within one year of application for the new registration.

I have this gut feeling that a bright, spacious one-bedroom would be worth more than chopping it in half to two self-contained units, or even as a roomy one-bedroom vs. a squashed two-bedroom -- downtown houses are usually only like 13~20 ft frontage to begin with. 

I think there are rehabs where the living space is so small it makes sense to put in a spacious open plan addition and use the existing living area for other things.