If someone dies in the bedroom and there is not an egress window, you face serious liability.Ultimately you will need to pull permits, so talk to the permit office.

While specific rental data might be scarce on platforms like Rentometer, local real estate agents, property managers, and online rental listings can provide more accurate rent rates and market trends.

This is a slippery slope if my guess is correct.Family dynamics aside, let's discuss it as if we're talking about your own property.

I've talked with Wagner multiple times on the phone and by email.

Talk to an experienced broker.

A developer would be a good person to talk to as well if you can find one.

I'd also talk to an attorney. 

Listed to your gut people lol 

But if you plan to scale up, aren't you talking about $1mm to $2mm upfront cash to support your deals, prior to lenders? 

I would absolutely love to talk.