1st time homeowner in LA, making home my primary and rent to travelers

[Justin Kruse]

Good morning everyone. I am a first time home owner in Los Angeles and just opened escrow on a major fixer house across the street from a major hospital. I'm looking to converting the garage into a JDU. There is also an unpermitted ADU in the backyard as well I love to get permitted one day and really invest to. I plan to make this my primary residence until I get feel stable again and rent out the spaces to the mid term market. Any tips for a scared first time home owner looking to rent some to travel nurses? I have about 150k in my brokerage account I'd like to use wisely. Thank you to anyone that reads!