My question: is it legal rent the ADU under a lease agreement?  

We managed to rent it for above the price of the mortgage, so it is cash flowing.

I recently purchased and rehabbed a two bed one bath rental unit in Birmingham, AL that will be rented to section 8 tenants.

In case helpful, here's more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

It only has three units rented, drastically under market I might add.

Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..

 :) My fiancé owns a home and is moving into my home ... she has owned her home for about 5 years ... should she/does she have to notify her mortgage company that she/we will be renting it?

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

We are looking at purchasing a home and renting it out in an area that we want to live in eventually in the Tahoe area.

How much should my tenant make if Rent is $1,680, in the DFW area?