Hey guys, I currently own a garage apartment in Houston, TX with a studio upstairs and enclosed garage downstairs with door access that's currently just used for storage.

Funny you should ask this question, as newer but seasoned investor I often try to pay it back from what I learned from those that were my mentors when I first got started and over the last few years have met with a dozen or so brand new investors that had many questions and I was glad to help.

Data storage?

The lien attaches to nonexempt property that is in the residence or that the tenant has stored in a storage room.Acts 1983, 68th Leg., p. 3560, ch. 576, Sec. 1, eff.

The bank requires a 12 month seasoning with the current mortgage.

I also dedicate the last 1/3 of my new book on self storage to this exact topic.

That being said, I won't pass on something just because i'm not a seasoned vet in the area.

If you do that then you would need to to wait for the seasoning period to end, which is at least 6 months, but even after that point, if you have done nothing to the home to increase its value or the market value has not increased significantly, you won't have any equity to cash out with on the refinance.   

Wedding venues in the area charge $5000/day for a Friday or Saturday, and are usually fully booked during wedding season (minimum of 2 bookings/week) May ~ October.I would be more than happy to send anyone interested the RE listing of the property, that includes a walkthrough video. 

I'd start reaching out to a seasoned, investor-friendly agent in your area for advice--you can find on on BP!