I have both, but LTR'S is where I have and still make the most money.

It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road. 

And how much money are you making in your current job that you would want to replace with your real estate income?  

When you start raising money, the kinds of investors you're going to get are individuals who want to make a better return than the stock market. 

In over 15 years of lending our money privately, here are the most common questions we are asked by potential borrowers.

Marie Poe and James Wise.

Maybe you change it to a 12 month lease at $x or MTM at $x plus more money.

I wouldn't recommend an ADU and take that money and invest it where you can pull capital out faster. you can do much better.

In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.

He's an educator and does make money selling education, but like most of the others doing this, he began by doing deals.