Evidently, you are suffering the "Groves" effect and distorting the truth and reality of things, unless what you really mean is that you have the "skills and mindset", but you have not put them to the practice yet.Selling real estate education is easy, being a real estate investor is very difficult, and you are a clear example of it, 13 years down the line and you still pay someone like the Groves, to take your money just to give you "mindset" and motivation. 

It included value adds and effect on NOI that dictates the value. 

Seeking advice from a tax advisor or accountant can assist in understanding the tax effects of renting out a garage apartment.Good luck!

Based on my research it seems like with a little rehab and managing a short term rental effectively, short term would likely cash flow more in a market like Tampa. 

In most of the 35 or so deals i've been in, i've had little to no taxable distributions until year 7-8 on our typical 10-year hold period, so a 10% cash on cash return is an effective 13.33% for example when you compare to other taxable returns if at 25% bracket,        The syndication next can roll the sale proceeds into another larger investment, like-kind, 1031 exchange and not have to pay any long-term capital gains taxes, about 20-23.8% nor any depreciation recapture tax about 25%.

Will filing their tax return separately negatively affect our own income tax or it will have no effect?

However, these properties won't be low hanging fruit.

Operational Efficiency: What are the most effective operational practices you've implemented that have streamlined operations and reduced overhead costs?

Hello everyone, I'm new to wholesaling real estate and looking for advice on how to approach homeowners effectively.

You could get away with an effective 1%