We have heard from all three camps in this thread.  

Quote from @Julian Dragos: If you convert to an LLC, everything should be changed into the name of the LLC.

I've learned the most from friends and people I met at meetups and other gatherings.

Yes, I attended a local REIA event and I am now apart of Facebook groups to grow my different avenues of learning about how to get started with wholesaling and other niches 

Quote from @Andrew Steffens: I have found lower end W/D more recently have been failing much faster than the higher end names (Samsung, LG, etc). 

Is this a long term rental?  

@Mario Morales we would definitely use Zillow for something like this.

You could use an LLC or even a land trust to structure this.

I can understand the temptation of wanting more rent from your multifamily home however I would add this to your train of thought:What would happen if your tenant in your illegal basement unit burned down the house which caused another tenant to get hurt or even die?

Quote from @Kay S.: Well, I appreciate you taking the time to come back with an update.