I populate all my own mailing lists, which typically involve only motivated sellers (high equity, divorce, probate, foreclosure, tax foreclosure, etc.).

Renting the garage brings income and partial tax deductions for expenses but adds complexity.

Work with a CPA to optimize your tax returns to reflect sufficient income for future loan approvals.

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

For a property placed in service in mid-November, you can claim approximately 1.5 months of depreciation for the first year.With a cost segregation study, components may use different conventions:1.

By collapsing a segment of regional lenders, it becomes a consolidating event, because you the "evil genius's" of it all get to swop in wearing a hero's disguise, claim the victors conquest/rewards while staking you "must do it for the common good" and the sheeple applaud your consolidation vs fight it. 

The way that I think about it is that these losses are future tax benefits.

Detroit can be tricky to analyze, and some deals that look good on paper might have hidden pitfalls (taxes, rehab surprises, etc.).

If you need financial help, ask under the "Finance, Tax, and Legal" forum.