However, if you are worried about being sued, you should use the best level of protection that you can afford.Your state laws: The laws governing asset protection vary from state to state.

Downspout depend on the section, the lower ends are very easy to replace, if it's higher up then it's a bit more involved but still not hard. 

Finish the basement into a legal apartment and then maybe rent the 2 car garage as storage/secure car parking.People in the city are always looking for secure places to park their cars depending on where the place is.

(depending on your current financing, the limit is going to range up to 90% LTC in most cases)2.

You should consult with an attorney in your state to make sure that you are using the best asset protection strategy for your situation.Your budget: The cost of asset protection can vary depending on the type of protection that you choose.

Lot of people have contributed to this subject so far with varied and interesting opinions. 

We have a lot of spring training baseball here so peak season starts right around Feb 20.March - Ultra peakApril - Slower than March, but a solid Month.May - Decent monthJune - Great monthJuly - Great monthAug - First half is decent then definitely dies down.Sep - Worst monthOct - Second worst monthNov - Bad except ultra peak rates for Thanksgiving.Dec - A little better up until Dec 20 when it is ultra peak.It also really depends on the property and the location. 

And depending on the offers I get for selling or renting, I can decide whether I want to sell the property or rent it out. 

You will run out of money for down payments quickly buying rent ready rentals & the STR income can fluctuate greatly depending on the season / state of the economy.

@K S.It might depend on if your PM company does all the management.