Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Let me know if I can help you?

A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

I would suggest setting "instabook" to "off", allowing one of the more flexible cancelation options, and having a minimum stay in line with your local ordinances.

Umbrella insurance is usually a very large policy of $1 million or more, extending your coverage for larger situations.

Are there any resources that help explain what type of terms we should ask for?

Welcome Alana, you will find a lot of helpful people on this platform.

To qualify you would have to spend more hours managing the ADU than you do working on your W2 or your business.

I'm more interested in an ABB type deal but will work with what cash flows.