However, I also see it as an opportunity to potentially pass on risk (maintenance/upkeep/repairs) to an Airbnb host, assuming insurance coverages work out, and/or ask for a premium on top of what I listed the unit for.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Im looking at doing a 1031 exchange and purchasing a couple of row homes or even a multi unit back in MD. 

Investment Info:Large multi-family (5+ units) buy & hold investment in Mobile.

But the logic would be the same: would adding an addition, that is designed as a second unit, actually add value OVER and ABOVE the cost of the addition?  

.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

Do you plan to live in one of the units or prefer to keep it fully as an investment?

I try to not let a property get vacant or if it happens then I pay to remove the unit then re-install. 

I don't think you can get Appreciation in Value without getting Rental Price Appreciation.Go after the gold and get BOTH Value and Rental Price Apprecation!

When the contract began in 2023 we were able to stay in 1/2 of that property and listed the other unit on Furnished Finder (unfortunately, no one actually rented the other unit).