Make sure you understand your code requirements.

@Frans Calderon all you've been posting about for the last 2 months is promoting Baselane.You may want to post your ads under the Classifieds Forum.

Otherwise, you have to tear it all down and build a new home to current codes and elevations. 

A lot of zoning and town code around short term rentals has been changing as well as in my area, there are a lot of multi-families in single family zoned lots that are “grandfathered” in.

If you’re buyers like to buy 3 bedroom 2 bath houses in a certain neighborhood or zip code, go look for 3 bedroom 2 bath deals in those areas.

As far as the legality of sober living homes they have a good bit of protection at the federal level from local government discrimination since people in recovery from addiction are a protected class, however some cities and counties have occupancy laws and certain codes that conflict with the sober home model and oftentimes the neighbors are not keen on having one next to them.

I guess that means, there is healthy demand for rents in the metroplex.I am curious if there is a city or few Zip codes within Tulsa, Broken arrow, Bixby, Jenks and Owasso, that is preferred by prospective tenants ? 

There might be demand, but oversupply in certain areas, like Orlando, is pushing prices so low that it becomes impossible for some property owners to break even, let alone turn a profit.Agents promoting STRs as "good investments" without considering the current market saturation, high operating costs, and potential competition do a disservice to buyers.

The building code will likely differ if this is a mix-use building.

It can be exhausting trying to keep up with all the changes in local ordinances, section 8 (if you employ this strategy) or things that need to happen quickly (code enforcement / vacancies).