The loans are fixed rate programs, and the additional renovation financing is included into the one loan.

Not enough current income to move the needle, but all the knowledge required to learn and, if you're self-managing, the always-present "the tenant could move/break/have problem any minute of the day" possibility. 

The prices I listed was to rent the garage as a garage, no bathroom required.  

Of course you need to see verifiable income that is adequate for the situation, but the old posts of 4 and 5X rent amount?

There were some carryback rules in the past but not under the current tax regime.

, it is virtually the same unit).  

The asking price for the home is $235,000.  

Congrats you just made discovery a more drawn out process than necessary and your insurance carrier's legal bills have gone up which I can assure you will impact your next year's premium.  

Generally, the properties that benefit the most from a cost segregation study are properties that are remodeled, expanded, purchased or constructed after 1987, the year in which the Investment Tax Credit was enacted.

What makes it tough in the beginning is your rental income is not established so you need to be able to handle the debt not using rental income.