Considering the high prices of other lots in the area, many have said I got a great deal.The land I bought has a 2-bedroom, 1-bath house that was listed as 550 sqft but is actually 750 sqft; the records just weren't updated with the city.

Take for instance my B+ located quadraplex consisting of 2 Bedroom units in Philadelphia that rent for just shy of $3,000/m and compare my building to the nearly identical quadraplex building in a C location in Philadelphia were the rents are $1,200/m. 

There are other considerations that may still make it impossible to permit the construction of the building even  if the by-right use permit is obtained and its important to have an architect closely examine how the proposed floor plans will layout to confirm egress &  bedroom windows + localized zoning overlays along with a  number of other factors.

Then I would give ample notice that you are coming in to do the necessary work.

This post was more for cases of extremely ridiculous reviews like 4 stars because "one of the bedroom doors was squeaky and the outdoor outlet wasn't close enough to charge our Tesla."

The rents are still growing on the smaller ones too as I think the rents compare favorably for people coming in when they look at a nice hotel room for 150k to 200 a night or a one bedroom cabin for 200 a night. 

That said, it looks like if I rent out the bedrooms separately, I can earn more for the property overall (500-600 per bedroom vs 800-900 for the whole house.)

Already a co-owner of  single family home with shared common space and bedrooms rented to individuals.  

Many will disagree with me on this, but I have personally originated several loans underwritten with Fannie Mae for conventional financing and accomplished the financing when there are 4 leases for a 4 bedroom SFR. 

We have mostly have 1 and 2 bedroom apartment.