Hello Mark,The tenant rented your property with the older garage and it is still working, so I would hold off on the new garage.

All the best,Mark

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Once you clear the 2-yr mark of living there yourselves, you can likely use the full $500k.Disclaimer: I said likely, because there could be a mountain of complications, as well as some different opinions from my peers.

A big advantage of renting room to room is that its rare for all the rooms to be vacant at once so your exposure is lower.Good Luck,Mark Villanueva  

Quote from @Mark Cruse: Is the person leaving?

@Leonard Rybak this may give clueshttps://www.redfin.com/city/1903/FL/Boca-Raton/housing-marke...

Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

Their plan is to sell each property around the 5 year mark.

I haven't found any "get rick quick" or easy buttons as an agent.