Is just the fact that no garage could be a no go for some buyers enough to build it even if it only raises the value by the actual cost?

There are some DSR Rehab lenders that may lend based on ARV.Otherwise, you'll need to raise funds from family & friends.

@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

The hardest part of any syndication is raising capital and selling the investment.  

It's likely you'll be able to raise the rent as well with the upgraded unit and you can look to market it during the time of rehab. 

Unless you were raised in or are from one, you have no idea.

You can get these under your belt for $6-10k, and we're talking about reading 4-10 books, being tested, interacting, and meeting new people.

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

A duplex is more flexible as you will have privacy on your side and can test out any strategy with the other unit ( LTR, MTR, STR, rent by the room).

Will you be raising the rent?