I have some unused space that i can extend the bathroom area or add a laundry area, but I have already been put a ton of work (and money) into the main area of the house and don't want to do any upgrades to the ADU that aren't critical in maximizing rental capabilities.

I havent had any other experience in the US and with turnkey companies before, I had no bias versus turnkey companies either unlike a lot seem to have in the US so I came in with a clean slate but a very, very carefull and critical mind (someone said "very on the ball", Engelo would say "Pain in the XXXX"), but if the perfect turnkey company existed I believe they would be very close to what OCF is doing (remember that I'm French and in our culture, nobody's perfect !!).

It's also critical the current GC and all subs are paid and you obtain lien waivers for the work that was completed to avoid any mechanic lien issues. 

This will be critical so that you know how the title will vest. 

It's great to hear that Jeff Chisum and his team at Northpointe Bank were helpful in securing this for you.Adding Value: Your strategic patience and communication with the selling party to secure a deal at the right price is an excellent lesson in the importance of relationship-building and negotiation in real estate.Short-Term Rental Success: Achieving high ratings from guests is critical in the STR business.

Having documentation to support your claiming this as a business deduction is critical-to prove the rent was reasonable, you could print rental quotes for similar meeting locations.

If you are taking advantage of the STR loophole then working with a tax professional that understands it is  critical.

The program received over 1,000 applications, but later publications were critical of the program, citing too many limitations for property owners AND hefty construction costs associated with the conversions.There are likely 10s, if not 100s, of thousands of properties in NYC and surrounding suburbs with ADUs, and most are not filed with the building departments.

This means, as many here have said, that the most critical part of the process is finding quality operators. 

Wicker park and Logan Square have reached a critical mass, and Avondale is on the way there, so Hermosa and Belmont Craigin are getting popular.