Quote from @Alvin Sylvain: I don't know of any special protection afforded you by placing the property in an LLC.

The conversation, as well as this decision, left me wondering how many insureds are denied policy coverage and cannot afford to bring a suit against the insurer and are unable to recover their loss.

Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately. 

They do make a few cameras that work off of the cellular network as opposed to a wifi - I think they are fairly affordable as well.

can you afford it?  

I look at baseline affordability and edge just barely up.

They're not just going to sit on it and wait, can't afford to. 

ALSO they have regs on rooming houses only allowed in specific zoning, similar zoning as for hotels;  only on main streets in business districts AND you have to apply for licensing and blabla as for a hotel..That said;  there is a small movement supporting rent by the room as a small step toward solving affordable housing. 

I am also priced out of the NY/NJ market and I am interested in Cleveland OH due to more affordability. 

Most people cannot afford to do what they say.