I ask because if you did refi into a  DSCR loan you would be signing all kinds of business purpose disclosures with being an affidavit that you would never occupy the property as a personal residence.  

The lease would establish income, which can be used for loan qualification purposes.

I didn't have much money, and not much experience but I used my background in finance to put together a syndication and buy an old office building and drive thru on .59 acres with the purpose of developing housing.My passion was creating housing in a city with under 2% vacancy and skyrocketing housing costs.

We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).

If the seller purposefully marketed the property with an ADU and claimed it to be legal while 100% knowing it wasnt is subject to sellers disclosure law per your state. 

DSCR mortgages are a business purpose lending that does not look at DTI. 

Personal use - if you or your family used the property for personal purposes, you will need this to factored in. 

The process involves deeding the property to a land trust and then assigning the beneficial interest of the trust to an LLC for asset protection purposes.2.

If the initial purpose was to flip, waiting a year will not convert the income to capital gains—it remains ordinary income.

I have spent the last few years working in the Pre-Fab ADU space and now working with a company called Live Near Friends and help people buy real estate with the purpose of living closer to the people they care about.