While it would take up half the yard, with proper lanscaping, it can be made into a nice looking haven for the tenants if they choose to use it.Could rent out for $1k in the area.

Choose my own real estate agent

If I were to start my business over, I would definitely choose the path that offers quicker financial rewards.

If Airbnb is your best option, choose a location with high occupancy rates and optimize pricing with dynamic tools like PriceLabs.

I have been eyeing a few brokerages around that general location and was wondering if anyone familiar with the area had any recommendations regarding which brokerage to pick, as there are quite a few to choose from.

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

He also connected me to his team of experts who were able to guide me through the process of choosing the right rental property.

, maintenance (5%), and PM (10-12%) if you choose to not self manage. 

I would choose the strategy that best fits your strengths (unfair advantages) and what the market in your area demands.

SFR with ADU is no problem. but if you're considering adding an ADU to a multifamily property, consider the limitations you're creating on your back-end buyer if you decide to sell, or your own financing if you choose to refi.