Any tips on managing joint ownership or deciding to hold or sell would be greatly appreciated. 

I do not understand your remark as related to the DSCR loan.  2 ADUs are not allowed by f/f conventional financing but is not always enforced.Fortunately if you stay with the current tenant without a refi, by the time you pay principle it is likely the rent will have increased enough to absorb the increase mortgage payment. 

I got a deal on labor as I know the contractor personally and helped out a bit with the project.

Or the easiest is but an add here on BP.

The lower the score, the higher the risk and the more we charge for a deposit.

I joined the Alamo REIA and the REIA has different scheduled meetings throughout the month.

You could get everything in writing but you'd have to evict if purchase didn't go through.

The point is that most of the books and gurus out there will sell you the dream and get you hooked on buying into their programs without giving you all the nitty gritty details.You're running a business and must treat it that way. 

@Christopher ReynoldsIn Colorado Long Term rentals are next to impossible unless putting 25-30% down and getting a few hundred bucks or cash flowing.

I bit the bullet and bought into to the Deal Genie with Jerry Norton and Peter Conti.