@Laura Blair - for the rocket lawyer contract template, searching for the term "ADU" or "accessory dwelling unit" doesn't seem to yield results.

Question is, is it worth the time/money to buy a single family home with a detached garage to turn into a ADU(additional dwelling unit) creating a 2 unit property.

Look at everything that has sold, look at stuff on the market, start making your own comparisons, basically you want to know almost instantly if its a good deal or not (Of course the inspection will give you a better understanding) But from the outside, for the offer, you need to act quick, especially in this market for small multifamily.

Sherin,An umbrella policy provides a limit of liability above your homeowners, personal auto, dwelling/fire (aka Landlord policy), boat, motorcycle, ATV...The umbrella policy responds when the limit of the underlying policy such as the Homeowners is exhausted by a claim.

I think the hardest part of that would be finding a property with an ADU, but if you do I would reach out to the town/city hall on its rent-ability as a room or as an independent dwelling unit. 

These dwellings are boarded up by the city to try and prevent squatters, vandalism, or other nefarious activities from taking place there.  

At the beginning of 2020, I began using the property as a home/dwelling -- the property is in a foreign country and, since I did not have any work constraints, I wanted to do some work on it (former tenants and management company did not take good care of it) while visiting with some family in the area.

Your budget also goes higher based on current rents (75% of rents added to income for budget purposes).2nd Property: Buy a House with an ADU (Additional Dwelling Unit) using a conventional loan.

Never dwell on the past but as a local insurance rep.

Im 28 and thinking about moving, I currently own my "house"(realy a traveltrailer with a 1 bedroom house built around it, But its all grandfathered in and under a ramada so its a legal dwelling) and a old modular that i use as a rental in a small trinity county Ca town.