@Jimmy Jefferson Be sure to check with your insurance company to make sure they will still provide you coverage if you rent the garage to someone other than your tenants.

I told him I would pay him in full if he provide a lien waiver,I am wondering if we do not get a lien waiver, what are the options I have to get it, do I need to hire lawyer?

I’m looking to buy some single or multi family units for long term rentals that would provide at least a moderate degree of cash flow.  

I use software from the hedge fund I work with a hedge fund that connects TO 4500 BANKS, LENDER, AND CREDIT UNION I can take a scenario to add it to my search engine it runs many different quotes so when I'm working with clients I put 5-10 quotes in from of them and save them lots of time and money and they go with the best program that fits the deal

It does provide me clarity about the direction i should be taking.Thank you!

Check with the providers to see what is tied to the house and what isn't. 

The taxable income of a nonresident subject to North Carolina income tax is determinedby first calculating federal adjusted gross income as calculated under the Internal RevenueCode, adjusted as provided under G.S. § 105-153.5 and G.S. § 105-153.6.

Unless.... your happy to be VERY cash-deep into it and ready to absorb the hit's of a LOT of time delays and additional expenses or cost over-runs.

You need Landlord insurance.Explain to the insurance provider how you intend to use the property.

As I start this venture, I want to avoid the mistakes of other PM's and learn from those who provide and excellent service to their clients.