If the layout makes this feasible is anyone considering it? 

Sometimes 50% depending on the layout. 

You look at the layout and convert the living room, dining room and laundry room into rental rooms as they all have opening windows. 

Layout of the house is everything. 

Since most people buying real estate are utterly clueless when it comes to revenue you can't assume you're going to find good space utilization in almost any layout today with their spacious livin, dining and rec rooms, often open concept which is the nail in the coffin when it comes to maximizing space. 

I did a 30 min consult with a client yesterday. you control every part of the process from start to finish. where to build, floorplan, layout, finishes, design, etc. easy BRRRR strategy or flip. it's easy when you have one company handling it as well.

The engineer can also help you analyze utility layout and other factors that will contribute to the potential complexity of building.- Then, talk with the county (zoning, stormwater management, permitting, etc) to verify that what your engineer thinks you can do will actually be allowed.

A potential problem is that the resulting layout may generate less tenant demand and a resulting decrease in what a tenant is willing to pay.  

The problem is the layout. 

They could do so much better if they redid the layout.