You will need to play very "by-the-book" to make sure that you don't accrue code violations and fines in your personal name as they will be substantially easier to prosecute against your individual person vs a corporate structure.

My sister recently started working for Bigger Pockets and has sparked my curiosity enough to try and transform Real Estate Investing into a career.

I saw it posted on biggerpockets forums and I think I googled it out of curiosity.

-Out of curiosity, what is the additional income over and above the rent amount coming from?

Then you can refinance or take out a HELOC and buy more.Out of curiosity, what where the side business’s?

That background, combined with my own natural curiosity, has taught me how to identify where both municipal and private investment trends are heading in the neighborhoods I know about. 

Just out of curiosity what are the typical rents you have seen garages go for?

This tax is paid at your normal income tax bracket rate.Don't delay sorting this all out as penalties and interest will accrue.

Chris, I didn't want to draw the funds until I got a property under contract as to not accrue interest on the borrowed amount.

If you don’t have any passive income outside of this investment and the tax depreciation exceeds the proceeds, then it accrues until you can use it.