Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

I am on the Neighborhood Building Owner's Alliance weekly calls, and we had this ADU issue come up.

I admit having some trouble searching for team members in the forum so hopefully BP guidelines will allow user referrals or intros.

Top searches at our beach place is pool, then pet-friendly, then water view, then water front.

@Abel Curiel, When I first drove by this property in my initial search it caught my eye...out of the 100 or so properties i had on my initial list this is the only one that I had memorized the address of. 

The MN statutes are all readily available online, and will be easily found via a google search.

I did a search on my own  to help them find it and I can't find any insurance companies offering quotes for the Los Angeles area at the moment.

A quick google search will point you in the right direction.

My only concern is searching for the rent to value "1% rule". 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).