There is a single family home in front, and in back there is a guest house/loft above a garage.

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

Clarify your strategy—whether it's rentals, flips, or house hacking—and build a team of agents, lenders, and contractors.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

My plan for this year is to remodel and upgrade the house to then put it to cashflow either via short/long term rental.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

You are considering putting a tiny home on your existing property as an ADU or using that money to save up and buy the next investment property and wondering which would be the wiser choice.I think ADUs can help provide additional, much needed, housing.

Just bought 3 houses last week from a builder. 

You'll typically need to set up your account and get familiar with the process of working with the local housing authority.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.