Its different than just converting a regular garage, so I'm hesitating a bit about whether it could actually result in the value improvement that I'm expecting.

Imagine there were all sorts of tax benefits for doing this.Due to the ability to leverage this asset, collect income, enjoy preferential tax treatment, and expect appreciation over time, historical returns on money invested are regularly and meaningfully higher than the S&P 500 with dividends reinvested.How much would you buy?

I've never met any body involved.

Also, that SDIRA turned Solo401K I mentioned at the beginning did wonderfully; in the future I have will have to pay regular income tax on all the profits, rather than Cap-Gain. 

You can program it to keep your regularly used metrics... makes things pretty easy.

If you were to look more into some tools to use below are some that we use regularly (job growth & supple/demand)-https://www.deptofnumbers.com/...https://weareapartments.org/da...

Has any body dealt with Richard Smith Enterprise LLC?

The real issue with investing in "low cost" housing markets - whether turnkey or not - is whether your cash flow over time is going to exceed your regular carrying costs and capital expenditures. 

I wouldn't be able to sleep at night if 95% of my wealth was in an asset that swings 30% up and down in one month on a regular basis. 

A regular homeowner's policy is going to usually be 12 months, whereas a policy for a fixer-upper usually goes in 3 month increments from 3 or 6 and upwards.