Hey @Shane Insang I'm a Bronx based Broker, Resident and Lic.Expeditor here in NYCand can offer some insight into your plan if you'd like in terms of rent room specifics. 

After getting a lot of interest the first weekend on market, no offers came in.

the way the DSCR ratio is calculated for example on a loan is the comparison of rent vs the mortgage payment plus taxes and insurance 

I am looking for any realtor/wholesaler/title company in the Durham North Carolina area that can assist me with filling out the North Carolina state contract and assigning it because I cannot find where you assign the North Carolina state offer and purchase contract

Make sure to utilize all the great tools BP has to offer, along with networking and joining local groups.

Total profits last year—subtracting property taxes, management fees, insurance, and repairs—were approximately $12k (which was then divided into shares for us and relatives).The city is Grants Pass, Oregon, population 40k, with median household income around $50k (50% lower than the national average).

The annual insurance cost of $300 is way too low, I'd add another 0 to that.

@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.

If it was useable before (small ding) and is now destroyed, I'd take her up on her offer, but I'd also pay some of the costs as it wasn't new when she moved in. 

The other option I can think of is to take advantage of credit card offers you receive in the mail that include a few checks with a 0% finance offer for up to a year.