The 3 car garage is actually a 2 car garage separated by a wall from a 1 car garage (which the tenants in the front unit use to park their car).I am looking to convert either the 2 car garage into a studio and keep the 1 car garage for tenant use, or convert all 3 car garages into a 2 bed / 1 bath.

The windshield of your car is bigger then the rear view mirror for a reason, we need to learn from the mistakes of the past and not keep making them.

One is in Cary and the renter is way overdue on their rent. 

I am kind of leaning towards Cary area and surrounding but I saw some listings in south Durham with good schools at that price range.

Situated in Cary, NC, a highly sought-after real estate area, similar houses command rents in the 3K range.

I don't have a new car, my boat and snow machine while in good shape are not new every year (like theirs are) but mine are paid for, save for the car I own in anchorage. 

It's very true, most investors are clueless on this, they think marketing is doing some mailers, or radio spot, maybe a website, no no no, those are for most part just campaigns, calling those marketing is like considering a car is the sum of a tire, it's just 1 part of the whole system. 

If your car is in the garage and the house burns down, the homeowner's doesn't pay for your car under contents coverage, you need a comprehensive  auto policy.So, you need to be aware of the different types of policies available and how they are used.

If the car is messy, their residence is probably also messy.I did have a guest policy.

This area is attracting a lot of home buyers but when it comes to rentals, I still see Cary, Apex, Morrisville, Raleigh as preferred hot rental markets for tech jobs due to a lot of convenience factors.