I am contemplating converting an old garage in the back of my property to a guest unit.  

I have been in the field (construction/building) for almost 14 years now and have been contemplating jumping in to real estate with my partner since we began this venture.My business partner Shawn, is a classically educated guy, also in his early 30's.

(assaults, shootings)

Keep in mind if the tenant gets robbed and or assaulted they will ptobably want to leave. 

Some insurance companies use delaying tactics to forstall payouts because they are contemplating bankruptcy or do not have funds to payout.

Thanks for that article.Each time I read about these new laws they are contemplating, they fail to mention the time it actually takes to get an eviction.

Usually disregarded entities (if single owner) or partnerships (if multiple owner) make the most sense from a tax perspective.I see no reason to transfer rental real estate to an S Corp before sale if you're contemplating selling it. 

I've been contemplating on refinishing the hardwood floors all together (sanding & sealing), but may just resort to a vigorous cleaning and resealing - we'll see how that works out once we take control of the property.Cheers and all the best,

We'll see how it goes as the unit has only been occupied since the end of December (S8 seems to take forever....)Let us know how it goes - I contemplated or attempted everything that was mentioned above, it just didn't work too well.

If you're still contemplating Turnkey route, I'm personally investing in Columbus, OH and can refer you to a good TK operator out there that I use.