You now have possession of the apartment. 

I believe a large portion of the users on here owe at least a small portion, if not a large portion, of their success to this community.  

I can handle about 80% of the work for a property flip.

If I loose a member from one of the houses I still have income being generated from that property. 

A hands-off garage conversion ADU is over $100, even doing much of the work yourself, it will be much more expensive than your estimate.Single ADU additions in single family zoned areas are typically one of the worse re investments. 

As a property owner, I get a lot of these calls.

I would recommend that regardless of market you decide to invest in that you find a fellow investor/realtor that can help you purchase in the neighborhoods that make for ideal long term rentals.

And you’re still not in Nazi Germany.BUT, Donald Trump is about to make a lot of people rich.

Most forums don't allow the deletion of posts because it disrupts the flow of a conversation.

If you have one and it says it goes to month to month after the initial year, write up that you are following the terms of the initial lease with the exception of....then add in anything that is different (eg rent, giving notice, etc).