LTRs offer steady income with less day-to-day management, potentially appealing in a market with limited options, yet may yield lower returns and pose risks of wear and tear.

I’m wondering how I should go about starting this whole process?

Actually, having a an optional car to rent might be a great idea!

If you want to discuss the options you're considering in more details, please feel free to message me!

If not, is getting am umbrella insurance policy on the DADU my only liability protection option and is it a good protection strategy? 

That being said, we are currently exploring financing options for funding our first investment property purchase which have brough up a couple questions we cannot seem to get a straight forward answer on: 1.

For better or worse, 1031 seriously constrains their investing options, even for real estate. 

I am open to options.

It's wise to consult with a real estate CPA who specializes in taxes.They can advise on capital gains taxes, potential exclusions under Section 121 if occupancy requirements are met, and the option of a Section 1031 exchange to defer capital gains by reinvesting in another property.

This whole thread makes me wonder if a guest can have back to back stays (but separate bookings) when staying over 30 days, in order to avoid tenant rights, lease agreements, etc, or do they need to be out of the property for a certain amount of time?