house rental by the room basics
The suburban market I live in is primarily single family homes. But like many suburban communities, it has diversified a lot in the last 15 years and I think there is a real shortage of affordable multifamily housing. I'd like to explore whether buying a house and then modifying to maximize the number of bedrooms to rent out individually. I know this is commonly done for college-type housing, but maybe not in my sort of market.
To explore whether this might work, I have all sorts of questions... How are common areas managed? Who controls how many residents per sqft/bedroom/bathroom are allowed? Etc etc. Are there any resources out there to give me a primer on this strategy?
Thank you!