I assume there maybe some nuances when one turns their primary home into a rental (not house hack but full rental so my wife and I will move out). 

I cannot qualify for the Real Estate Investor status because of my full time job but my wife could potentially do it.

This could help generate additional income and attract a broader range of tenants.3.Partner with a nonprofit organization: Some nonprofit organizations specialize in affordable housing development and may be interested in partnering with you on this project.

I would generally say if more than 10% of your potential investors are going to be asking about it, it should be in the offering memo.That being said, I have seen one page word documents used to raise over $10mm and I have seen 40 page, full color with professional photos, etc.  

If you're looking for creative ways to acquire property I'd recommend getting familiar with Sub 2, seller finance structures, and raising private capital. 

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We also reswizzled a back-to-back bathroom (1.5 baths)/laundry area into a full 2-bath with stackable laundry solution in the hallway.

I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been. 

Engineer reports the structure is sound and the floor is not risking the property's integrity for habitability.

This definitely has revenue potential.The property also has other structures of value and amenities but these would not be part of the business described below.We will be able to add additional guest cabins and possibly our (retirement) home in the future.This is a rural area and about half of the property is AG-Exempt.