*This is more important if you're "renting by the room" with roommates than if you're "Renting by the unit" in a multifamily or a single family with your own private kitchen and entrance.

There is also separate entrances to each floor.What things do I need to worry about if I would like to rent to 2 separate families?

I wonder how hard it would be to request a change into a Multi Family, since I also have an renovated 3rd floor with a separate entrance.  

Exit cap rates on the pro forma should not be less than entrance cap rates.

It is by all means already a profitable facility which includes and newly paved entrance/security system/roofs, as well as room for massive upside due to the fact that the rents haven’t been increased in at least the last decade (well below local market rents) as well as the fact that the facility currently has no website or marketing strategy other than word of mouth.

I have built a $10MM entrance pavilion on a federal courthouse, a $37MM brand new elementary school, and I am working on a $4 Billion dollar new airport. 

All of these units would have separate entrances and no hallways, no shared central heat or air, no shared bathrooms, etc.

Sorry if you're already knowledgeable on the house hack, but depending on your level of comfort, either find a home to rent out rooms, or even better if it has a separate entrance to a guest room or studio.

When you get to the event, you will check in with identification and they should have your entrance packet ready.

Brick Pillars at the entrance and exit of the area creating a "private area" feel.3.