Keep existing building ($850K appraisal) and build an DADU 2.

Realistically, one checking account and an accounting system will meet all your needs and keep your business better organized than 7+ bank accounts.If you want to collect bank interest from excess cash, add a savings account.

Always keep record of where you told your insurance company that the property was being used for STR.

It probably needs to be addressed to keep the house safe to inhabit long term even if we keep it as a rental.  

This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

All the best and keep us posted with your real estate journey.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

You can give me their numbers and I will call them and keep you updated on our progress.

You want your clients to keep coming back to you.