Having the right expectations set before investing can help you make an educated decision on if the investment is worth making for you. 

However you are missing out on strategy that will likely save you more in the long run, IF your goal is to grow into larger properties or take advantage of cost segregations 

The goal was to initially do a small renovation and add an additional room and bathroom to the already existing older home. 

My plan would be to buy a home to live in for 2ish years with the goal to rent that home as well.My main questions/points of thought for this forum would be:1.

Is a trampoline really that much worse than a swing set?

Being a real estate agent is a huge advantage if the end goal is to become a successful investor. 

- How do I go about managing existing tenants and setting expectations?

My goal is to retire early and use the minimum number of long-term rentals to do so.

@Whitney Lares I kept my first BRRRRs as LTRs, I know MTR and STR have higher income potential but my goal is time and income, LTRs provide me that and the management of these in STL are much lower monthly % so it works for me.

I was definitely ready to be in a single family after 3+ years house hacking. 2) Figure out what your investment goals are and this can help you make decisions.