IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

Mark makes a great point!

Instead they are "flex spaces" or "offices".2.

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

I've wondered about some sort of artists'/musicians' retreat space, but not sure about the numbers of that.I would love to hear your ideas!

I agree we are quite active in the space. 

You just got to put a bid to you that makes sense off of 25-30% down, STRs I do less leverage but underwrite on the 28% down mark.

Don't see any major red flags here, so long as you are comfortable in the low income space.

Converting the basement to a living space to make a duplex.

It includes space to spell out specifically what the tenant is responsible for.