It was once residential with a main house (1800 sq ft) and small back house (750 sq. ft).

I have a renter moving out of a nice house with a very small back yard.

Mold grew due to flooding in house and has been confirmed by mold analysis companies. :( Should the work to remove the mold happen asap?

Or are you okay having this rental at a low rate?

@Austin Prewett, rookie investor = house hack your first deal.

Those are easy to finance, and the financing is solely based on the properties income using a DSCR ratio for qualification.I would look for a property like this one, https://www.zillow.com/homedetails/5810-21st-Ave-Kenosha-WI-...Lets say you could buy it for $100k, and its $50k in rehab, and ARV will be worth, $200k.When you do the rehab, make sure all the mechanical systems are brand new, then you will have relative few repairs for the next 3-5 years.I can get you a loan for $90k purchase, and $50k, rehab, once its finished you can refinance into a 30 year fixed rate loan between 6.5-6.8%, and cash flow. 

Your insurance costs look high for a house in that price range.

Or are you living in it, house hacking, flipping? 

Still booking mostly come from Airbnb/VRBO but also Booking.com more than our houses on there. 

It's still structurally a house, a non-profit just moved desks into bedrooms.