I would strongly recommend having a real estate-focused accountant look at your situation and prepare your taxes for you, as you are now treading into complicated waters where you can get yourself into trouble if your not careful!  

It is also very big and requires constant reno/repairs.My tax returns are laugh worthy to conventional lenders and I have 2 other properties so my debt to income ratio looks ridiculous to the average underwriter... but the cash flow is definitely there.

It's a harsh reality of real estate investing; it grows steadily and offers good leverage, but getting to that first rung on the ladder requires a solid financial foundation.So, what can you do with $10,000?

We in ohio are not required to give a reason so I would not put any reason in writing unless you must. 

However, navigating the existing mortgage and structuring a deal that aligns with your rental income might require some creative solutions.

If your using financing the bank requires this.

If rehabbed did you check to see if they pulled required building permits ? 

We charge a flat water fee for the ADU and so far so good.

When it comes to property type, SFHs typically have higher appreciation potential but require more maintenance, while condos and townhouses can offer good cash flow and lower upkeep.

Most corporate relocations and temporary medical workers require smaller units.