My personal properties follow the same suit, except I do have one tenant that makes his own repairs. 

Paying a coach or mentor is ideal when you have an REI business going, you get it, and you want to take it to the next level.

My clients who bought homes with basement apartments or mother-in-law suites out back to Airbnb or short-term rent did not fare as well at the beginning.

Replace it with a compact tankless unit ideally outside the closet.

Ideally I recommend you ask for Reports such as          Occupancy, Delinquency, Leasing, and Incidents report.

This property is likely not ideal since it doesn’t have room for value add and would probably be at retail price.

The only way to make this house cash flow would be to add a basement suite.

My landlord owes $350,000 on a 2 bedroom townhome in the Bay Area (estimated value $830,000).Based on my current downpayment, and ideal monthly payment, my lender has pre-approved me for $700,000 at this time.

Under the ideal circumstances, what are your guys' thoughts on each option?

It will be ready soon and we will ideally look at 3 units and more.