I normally suggest being right smack dab in the middle with a low risk B class asset.   

Does needing renter's insurance apply to people renting out my garage to store cars?

Lots of ways to start, but I normally recommend figuring out your WHY, and then match that WHY/your goal, with a location.

I recently placed in a class a unit (almost $2k/ft value) because it is beach unit and expect higher water contact (normally class a gets real wood).Carpet in common areas in short run is cheap but long run will cost more than concrete stain or LVF.  

Most MTRs can be anywhere from 1.5-3x the normal LTR rent.

Durable goods like fridges, cars, and houses give us more control over our time and resources.

The BibleLegacyExtreme OwnershipThe Art of the Deal101 Ways to Market as a Real Estate InvestorAll I Really Need to Know I Learned in KindergartenReading investment books will be like putting four different race cars tires on the same race car  and expecting that car to win a race   It won’t    

I am considering exploring converting a separate 2 car garage in the back of a duplex into an ADU.

Hey Charles,In my opinion, not owning the land is just like buying a car.

This would normally depend on the condition of the property and the Condition of the tenant.