I have been assured by the head of the planning group that the restrictions regarding bedrooms, parking, etc. will not apply to anyone grandfathered in.

Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

As someone who did something very similar to this for the last 2 years - rented out my 2nd private bedroom and bathroom in my apartment (rental) furnished to traveling professionals and medical students - I think it's a great idea! 

Purchase price: $240,000 Cash invested: $70,000 3 Bedroom 2 bath Single Family on .75 acres in Pensacola Florida. https://www.airbnb.com/rooms/1171011382027219420?

And are they all for same day double closes?

The section 8 rents are based on number of bedrooms.

After adding an extra bedroom and bathroom and rehabbing the house, I was well over budget.

Ask if you title company can do a double closing and if they know what assignment of contract is.

Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.

We manage 275 residential properties with the majority of those in Sherman/Denison so I feel uniquely qualified to chime in.Generally speaking, 3 to 4 bedrooms are the most popular and for a new build, they will lease anwhere between $1600 - $2200 depending on the area, size and amenities.