That 5% more starting day 1 is the same as a 10% increase after a year but feels better to most tenants.

What I'm struggling with is the fear that the economy could take a turn for the worse and get upside down on the project, which I understand is always on the table but wanted to see what everyone's thoughts were as far as waiting or if it's better to just start as soon as possible?

Also if you have not yet, I would recommend that you start by house hacking a 2-4 unit first

I’m not looking for advice to see if this would be profitable or not, right now I’m looking for first-hand experience with allowing guests the use of gym equipment and the liability that may come with it.

In general ADUs in single family zoned areas add less value than the hands off cost to add the ADU.  

Just started a new RE company geared towards managing real estate investments for others. 

The video above is a great start. 

Of course, VA loans are no downpayment and investors loans require downpayments so if cash on hand is of concern, then you will need to wait but otherwise, maybe buying today is the better move. 

If I waited until I truly felt ready I don't think I would have ever gotten started.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.