You mentioned the following: "Take a look at what markets you are planning on starting in and make sure it is a growing market where the appreciation is obvious (emphasis added)."

The property will be cash flowing as soon as the remodel is over and has space for one large extra unit on the lot or two small units on the lot.

A couple of thoughts that might help.I recast a loan at a point where I had paid enough extra to allow recast (I think it was $5k over).

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

So my price per hour went up and the customer was charged the extra hour of my crew and I to fix the leak.

I’m eating breakfast and adding thoughts as they pop in my head. 

Lastly, if the tenant does become delinquent and we have to file a claim with Rhino Insurance to collect their deposit, we're adding to the financial woes of that tenant and putting them into an even worse financial position when they wouldn't have qualified in the first place.Thoughts?

However, I definitely recommend pictures any time a guest left damage or extra cleaning that will result in additional charges.

My original SFR was 1100sf and I added 2 units: an 800sf SB9 unit and a 750sf ADU (converted garage plus addition).

You might want to consider adding another bathroom if possible.