Then the property taxes went up and I started losing money every month. 

Duplexyou would lose money quickly in syndication if you do it today 

I'm hoping this framework helps you out as well.1) I assessed impact of garage conversion on the value of the property2) I determined whether it is legal to convert the garage into a living space.3) I assessed the financial viability of the project with available sources of funding.Assessing impact of garage conversion on the value of the propertyBefore I started, I assessed whether the garage conversion would be advantageous for us.

Not only that, but I am hoping to get advice, ask questions, and expand my knowledge as I plan to start looking into getting my first property.If you're around this area, I'd love to talk and connect!

Quote from @Christene Martin: I hope your attorney gives you sound advice.My process?

I hope to get passed the analysis paralysis and actually take some steps to get on the road I want to be on.

I hope this helps and please feel free to reach out if you need any more help! 

My offer does include seller concessions for new refrigerator and washer/dryer hookups, so hopefully they are receptive to that.

This would allow you to put 3% down on FHA loan and rent out the others to offset, hopefully cover, your mortgage payment + taxes + insurance. 

I hope your investing experience in Richmond goes well!