If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

I have forced an additional 30% of appreciation through some redesign and repairs.

Listing them as an “Additional Insured” rather than just an “Additional Interest” will also safeguard both parties.For the LTR unit, your landlord policy should include property damage, at least $500K in liability, and loss of rental income.

Additionally, I would be grateful if I could find a mentor from the forum to guide me on this journey.Thanks in advance! 

You are aware that PadSplit requires you to convert your living and dining rooms into additional bedrooms, right? 

Homeowner should have an adequate policy and you can use additional damage protection from services like Safely and Waivo.Yes, security deposits are normal for MTRs and highly recommended. 

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly. 

A hands-off garage conversion ADU is over $100, even doing much of the work yourself, it will be much more expensive than your estimate.Single ADU additions in single family zoned areas are typically one of the worse re investments. 

@Annwar Zahrieh I'm glad you recognized the forums being a wealth of knowledge.

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement.