His wife, a former public school teacher, would be sleeping off her morning wine consumption.

I see a lot of 7x10 fiberglass drop-ins in the Smokies for places sleeping 10 or more and is what I was referring to. 

.: sufficient equity to cover a min $15K budget and ample up-side potential to deliver a sufficient positive ROI.

She gave up, vacated, left a mess & a $4,000 sleep number bed/mattress that she still owes for.

Two of my guys, a container full of tools, supplies and materials, a tent to sleep in.

I'll decide after I catch up on my sleep!

Would this be a sufficient size to add another 1bed/1bath apartment to?

They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty. 

My laptop stays at the office during the week other wise I would never sleep lol

The guidelines are clear that what counts as occupancy is the place you sleep the majority of the nights.