I would suggest jumping on a free call with JD Monroe:https://l.facebook.com/l.php?

Current legislation is trying to undermine that stability, but with proper guidance (I suggest hiring a good PMC unless you're an attorney and you know all the current landlord/tenant laws) you should do well. $50/month cash flow is fine. 

The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

I highly suggest teaming up with a broker who you'd want to build a relationship with and truly understands the ins and outs of different underwriting guidelines for DSCR loans.

Hi Collin,Probably the most simple way is to gather more capital, 20-30k more if possible.

I am open to other ideas as well.Hopefully I explained my self well enough.So any suggestions on the best way to invest the funds?

The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.

Any suggestions or options, Please

If you want to keep it simple, go with Stessa or a simple spreadsheet as a P & L.

If you are currently living in it, why not finish the basement and then either rent out that space or do as you suggested and you move downstairs and rent the rest of the house out?