It seems people are willing to give up personal space (e.g. full kitchens) for affordable rent and some level of privacy (having a micro-apartment rather than sharing a house with 3 roommates), as long as they have access to the things they want when they want them (e.g. car2go, restaurants, etc.)  

I have set up LLCs for all my properties thinking I was somewhat protected and have some privacy from sue happy lawyers.

That way you won't invade their privacy during that time which would be a challenge.

Or maybe a young family, where the privacy of a room at times is needed)Sometimes missed is your/our chance to help someone else learn about creative finance.

I'm basically learning this stuff myself, so I'd hate to give out bad advice, but this is what I've been told by my attorneys so far.BTW, I went with a "manager-managed" LLC, vice "member-managed", for privacy reasons, not because it enhanced asset protection (unless you want to count the added privacy as another layer of asset protection itself).

Does each room need a door lock with key for safety reasons, or should I just keep privacy knobs installed? 

I'm always inclined to keep my cards close to my chest and I prefer to refer things out to maintain a layer of privacy.

Or a privacy fence so that neighbors did not 'have to have customers looking into THEIR back yards' (other home based businesses in town have done that).?

-other 2 Bedrooms – back of closets plywood – apply glueboard or something-paint interior-outdoor privacy fencing to block off big green electrical box in back corner of yard-backyard - lumpy, don't know what to do about that, grass spotty – don’t really want the cost of resoddingWhat kind of budget would you put together for this rental ready rehab?

@Eric Giovannucci - If you post in our PRO Only forum, you have much more privacy in what you post.