ADUs seem to be really popular in California, depending on location. 

I’m not saying you have a bad deal, or I wouldn’t buy it if it was located somewhere warmer without income tax.

Hi there, I am not located in Chicago, although I did live there for 4 years at one time!

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

The risk of the business is on you and whether you have the expertise to pick the right asset, in the right location, and operate it properly.

@Stephanie MbayaLSU's high rental demand and affordable property prices make it an ideal location for house hacking.

The property was in a high demand location, so it made no sense that it would be half empty. 

I look for locations that I am comfortable with, and look for the best rental yield I can get in that location.

Quote from @Saint Kyle: I'm located in the Youngstown, OH area and I've been purchasing properties under $30k to rehab and hold for cash flow. 

But this is precisely the reason I wanted to post this question--to get insights from people who with different experience and perspective.