I also have an inlaw apartment I will be renovating eventually that is downstairs.

They trashed it on the way out - literally throwing garbage all over the outdoor area and I received a violation from the city and had to spend about $1K to get it cleaned up.I eventually sold the property at a loss about 5-6 months after purchasing it - around mid 2018. 

So after a lot of consideration I have set my goal in 5 years I want to be making 10k a month in passive income so I can eventually leave my current employment and focus solely on investing.

Both of these I believe would increase your eventual sale price, probably about as much as they cost, if not more.

I am planning on eventually converting the loan into a 1st position ELOC if a bank is willing to do it.

It worked and was able to pay cash for two of them and eventually pay back my HELOCS.

It is eventually they will bully us and then make it worse for us AND them.

My goal is to keep the condo as i want to eventually give it to my son when he goes to college, so i do not want to sell.Financial i can afford to keep it .

You may wind up being rejected eventually four insurance just because of something like that.

This way you can learn the industry and educate yourself while saving money to eventually start your own career.