Consider offering the tenant additional support, such as help finding a new place to live or arranging for movers.

In addition to Realtor.ca (ICX.ca, MLS.ca), you can also search Kijiji for the city/region in which you are interested,

In your experience, how many properties did you manage locally before you felt it was too much and needed additional help?

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

It provides additional liability protection beyond standard property insurance, which can protect your personal assets if the LLC's assets aren't sufficient.This post does not create a CPA-Client relationship.

I would only suggest a property management company set up if you are not working for an employer and are interested in retirement account contributions + deducting health insurance costs.If you are already working for an employer who is providing a retirment account plan + subsidizing health insurance costs, in my opinion, no point in setting it up.

New London, CT is by no means a huge city and I am very hesitant to even consider buying real estate around here but the one thing that really keeps me coming back to it is my employer.

Additionally, strong financial acumen and negotiation skills are crucial.

Beyond that, you will likely need to find ways to generate additional income for down payments.

Theoretically, I would guess an ADU adds value to the property because there is an additional income producing unit.