It’s good measure to move it to an LLC or a Real Estate Privacy Trust for asset protection. 

Entities like LLC's are for liability not privacy.

LP job is to understand the market risk and extreme due diligence/verify comps/verify proforma of the financial model, this is why I said LP investment is actually not passve because the LP investor has to have capability to go deep into financial like a CFO level.I can give list of "good sponsor" three years ago but becomes bad sponsor in today's environment but they would sue me due to privacy concern haha.

Rent Roll13. property survey14. prelim title report (your broker can help with that)I DO NOT Ask or recommend my clients ask for tax returns, credit reports, bank statements - These fall into financial privacy protections and if my buyer walks from the deal, there is too much liability & risk with having that information if were to be leaked.If a third party management company has been managing it, you'll get basic information (income/expense, rent roll & leases, maintenance records, capex (maybe if they oversaw)).Owner operated properties will have less of this information as most mom/pop operators don't keep good records, in my experience.Don't worry about all this BEFORE the offer. 

Specify whether those flex areas have a door for privacy so they can function as a true bedroom or not. 

If you are hoping to get multiple groups or families in there, you will need to create some formal bedrooms for privacy.

I think the privacy is high on my personal priority list as well, as i may have been going overboard by researching soundproofing solutions between walls and am actually in the process of adding another layer of drywall.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Bought as our primary because we loved the privacy and location.

I'll try to make house as sound proof as possible but aside from noise, do nurses generally feel unsafe since it's on the main road, more public exposure (lack of privacy), and more dangerous?