Additional charges will be added to the next month's rent and due and payable at the same time.

Either way it would be a grey area, selling a house with a different amount of units/bedroom/bathroom seems extreme though. its an auction site, I have seen auction sites miss the fact there was additional lots in a sale.

Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.  

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

In addition to those I would also suggest making a commitment to going to local meet ups and networking events in your area.

The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.  

Additionally if you find this post helpful please give it a vote on the right hand side of this post.

.- Value add - How much does it cost to build additional storage units?

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.