I might try to get some higher quality tenants in with some concessions which may help raise the value some ( I am not 100% sure of that--so please give me your thoughts).

Only difference is increased bonus depreciation on equipment, but the theory and methods for everything else remain the same.

I have always loved hospitality business and I think I have the qualities to be successful in this kind of business.

This property is in pretty decent shape and I plan on updating the kitchens/bathrooms in both units to be market-competitive so assume an average quality apartment for the area. 

As with anything, there is speed, quality, and price, but we only get to pick 2.PM me if you have any other questions on contractors or your options.

Good multifamily properties in the area are expensive, with incredibly high taxes, while the "deals" to be had are in the slums, where no quality renters would usually consider renting.Any advice?

If you want to do long term, then you need to ditch the rehab costs initially and plan on coming up with those through another financing methods or cash, once you own the property. 

I was just hoping to learn the best strategy for finding quality commercial tenants.

The ADU is 25% of the property using the sq ft method.

Should I sell for the gain and go into another renovation or is there another method that would help build cash more efficiently?