However, if there is the possibility to add a bathroom and kitchenette in the basement, you could almost create an entirely separate studio apartment that guests could check-in and check-out of on their own schedule using electronic keypad locks on doors. 

The big issue I see is it is a room vs a whole studio.

Garage bottom floor, and 3 stories of studio/ 1bedrooms.

NO vacation or weekly rentals.Im interested in 6 month or longer leases at places like Palms Place or MGM SIG( studio units).

Live in your flip, move to wherever you need to, house hack an apt building and live in the studio?  

The cheapest ones are also studios or 1 bedrooms so you can’t really house hack those anyways.What it comes down to is you sacrificing your commute time in order to achieve what you want to do financially.You can try to look into Hoboken, or Jersey City which will have better numbers and can almost cash flow positive if you find the right deal.Best,Charles

The basement has a common area as well as an unfinished setup for a small studio apartment.

Not a specific one however I regularly attend one in Studio City near u on the third Tuesdays of each month.

The courses you just bought come in the form of audio cassette and CD's.

R Street Redevelopment http://www.sacbee.com/news/local/news-columns-blog...Some other pluses: Midtown is laid out on a grid system with much of the restaurants, microbrews, art studios, yoga classes, coffee shops located on the center main streets (J,K,L), which means all of the surrounding residences have phenomenal walk scores.