Added cheap square footage and improved features - ie. additional bedrooms, quality outside space, and upgrades throughout

If your building is the problem building then you need to clean up and I would probably give everyone 60 days notice to get out, rehab and improve my tenant quality.

I'm hopeful that this project will bring additional businesses, housing, and improvements to the neighborhood in booming town. 

Exploring different loan programs and possibly adjusting the down payment to improve terms.

HI Sherrie, ADU's are generally a great return on investment..I'd double check the DSCR and FHA rates though...A DSCR cash out client was just quoted the high 7%'s to very low 8%'s and FHA have improved tremendously this past week...on purchase quote today FHA rates were in the high 5%'s..check in with @Joseph Chiofalo Good luck! 

Are there ways to improve profitability or add value to the property beyond its current use?

Improve Efficiency – By classifying and identifying the various components of your property, a cost segregation study can help you maintain and manage the property more effectively in the long run.

I’d still like to leverage my skills and experience with home improvements.

Not comparing but for me, both memberships offer the learning aspects that I can add tools to my own toolbelt for my investments to improve and get better.

I househacked a 3 family with a 5% down conventional product or a 3.5% FHA loan, improved the property, lived there a year and HELOC'd it before I went onto my next house hack.