I'm looking to buy a SFH, preferably with a detached garage to convert to an ADU.Some houses in Thousand Oaks have detached garages, but Santa Clarita has none.

I normally write off properties with converted garages or tacky additions, but this one was surprisingly well done and looks seamless to the untrained. 

Cash - you'll be able to convert your knowledge into an asset (50%)3.)

Also if this is an inexperienced buyer make sure they don't think they can just convert to gas some areas its not available. 

IMO if you are willing to take a distribution and pay taxes think about converting the funds to a Roth IRA, keeping it in an IRA and do the investment with your Roth if at all possible.

My thought is I could buy out the other owner and then hold the property for a couple of years and convert it into an investment (as a seasonal vacation rental - which there's a decent market for in the area).

It could easily be converted into an 2 unit upper and lower with a 3/1 and 2/1.

My dad converted it to a workshop for his craft. 2.I’m expecting some money to come in from my worker’s compensation case so I’m not totally against a mortgage.

I have a single family property where I want to convert the basement level into a one bedroom rental in order to capitalize on rental space and bring in additional income.

When do you convert the rental contracts to the LLC name?