You may not get 100% economic benefit, but you'll earn a ton in experience and build up your track record.Think of the long game, and don't get stuck on the economics of a partnership.

My name is Paul and I'm the Director of Marketing for Oakwood Management Company, the largest PM in Central Ohio and Columbus with 12K+ residential units under management. 

I would evaluate the decision to add a balcony based on economics and the ability to attract good tenants alone.

We did this with our other rentals, but this is the largest negative cash flow we've encountered. 

Tampa is a fantastic market with its strong economic growth and high rental demand.

I work for the largest property management company in Central Ohio and can attest to the rental growth over the several years.

Enjoy the increased cashflow and look for ways to house hack so you can reduce or eliminate your housing expense which is one of the largest expenses anyone has.Imagine a lifestyle where most of your personal debt is paid off, you have reduced or eliminated your housing expense and now have the cashflow to focus on making your money work harder for you through real estate investing and maybe can free up some more time to do that now that you have reduced your living expenses and can work less.To your success!

The type of tenant you get in commercial heavily varies on the economic status of the local economy, as well as the layout/who you're catering too.

@Andrea Prada SerranoThe income from the 2nd unit should offset your largest expense - your rent.

It’s a short term juicing that can be helpful to stave off an economic slowdown but is not and should not be used long term.