Hi all,
We have a mother-in-law suite on the lower level of our house and have been at 100% occupancy since we listed in February. We are doing mid-term only due to local ordinances. It has a private entrance but connects to the house via a stairwell. We are considering putting in a wall and adding another exterior door so we can add living space for our family and completely separate the apartment from the house. That will reduce the apartment to 1 combined bed/living room + kitchen + full bath. We would also be adding a closet under the stairs and some additional soundproofing to the ceiling as we have a lot of young kids and hardwood floors above. Obviously, we would need to lower the rate. Any other cons I'm not considering? Thank you!