Posted by Brian,WI on January 09, 2003 at 04:30:38:
As a former rooming house owner, I like your thinking.
A SFH where you are only allows 3 people living in it? What if husband & wife have 5 kids? They can’t live there? WOW, talk about population control!
What you may be talking about is something we have here, the defination of a family which is something like no more then 3 UNRELATED people living in 1 “unit”. If that’s the case it’s not worth looking at what you are doing, but I know of someone that did as you are suggesting and it was after that the city re-defined what a family was. Go figure!
There are possiblities with rooming houses and what you are talking about, just do some more checking into it.
If I am to find a house and want to turn it into a rooming house does it need to be zoned a certain way in the city so that I can charge rent by week and also get into the house as many tenants as there are bedrooms? Currently here a SFH is only allowed to have 3 people in the house. And there’s a house I’ve come across that is 3bd but can be 5bd if the basement is finished. And if I can’t rent it out by room then I don’t think I could turn a profit with it.
Ohh also the way the house is built the garage is insulated, finished, and painted. It’s large enough that 2 rooms could be built in there. I don’t know if that’s a possibility or not? I’m just looking for options to see if I could get this house to make me a profit.