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?

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

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

@Marie CopulHunker down and pare down your lifestyle expenses as much as possible so you can replace what you need as quickly as possible.I did have a client take down a 57 unit mixed use apartment deal that added $1.1M to his net worth and $180k a year in cash flow in 12 months but those types of results are not typical.However, some type of commercial real estate would be my suggestion and one where you are driving the ship so you keep most if not all the equity.I have some ideas for you and would be happy to talk you through them.

You might want to consider adding another bathroom if possible. 

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

Find a lender first that will do financing ad how much, before planning the future.

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.

Quote from @Kevin Brewster Brewster: @Ryan Kelly why the large spread between rent and prices?

The success rate will hinge largely on location, type of property, and cost of property.