Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.

These structures are significantly more complicated than a typical 1031 Exchange structure and there are inherent risks involved in the transaction, some of which are discussed below.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Renting at FMV ensures the property qualifies as an investment while preserving its long-term utility for your portfolio.This post does not create a CPA-Client relationship.

Small shop brokers that have access to multiple programs so that they aren't beholden to one or just a few loan programs will typically get the most competitive product for the borrower. 

From what you've said, it seems like an AITD could work if the cash flow on the equity is solid and better than a typical single-family home.

For a new agent to land a listing they typically over promise a seller a high price to win it and then spend money trying to find the magical buyer to purchase it.

No 1.75% funding fee so conventional loans typically have less closing costs.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof.