Conversely, are there any areas I should avoid due to high crime rates, low rental demand, or other issues?

I would be more than happy to make myself available for a conversation to get some more details and understand the whole scenario. 

Even if you could, you'd likely be looking at an older conversion property that will likely need consistent maintenance and wouldn't have the best appreciation.

Plus our 6 rentals are near here.That would basically be a barndominium conversion, then?  

This was all amidst conversations of divorce with his wife.

What you're proposing is the conversion of ordinary income subject to SE taxes into deferred capital gain, OR potential exclusion of the income all-together under IRC Sec 121 if the property is to be your residence.I've seen no reasonable basis for such a position.

I’m trying to do it now to fund an ADU Garage conversion.

Hi, Stephen - not sure if you ever pursued learning more about midterm rentals, but I'm noticing from the conversation thread that there's some incorrect or misinformed information in some of the comments.

Conversely, rushing into deals without thorough due diligence is something I would avoid.

Conversely, rushing into deals without thorough due diligence is something I would avoid.