The good thing is that at least your property will gain appreciation so its great for long term hold.

Buy and Hold?

. § 1.469-9(g) to treat all interests in rental real estate as a single rental real estate activity, and the taxpayer holds at least one interest in rental real estate as a limited partnership interest (as defined in Reg. § 1.469-5T(e)(3), the combined rental real estate activity is treated as a limited partnership interest of the taxpayer for purposes of determining material participation. 

It was one length of split rail long with posts on each side and diagonal supporting posts.

Looking to flip, buy and hold.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If the garage is not built to support the weight of additional floors or is not adequately reinforced, it may not be suitable for conversion.Insulation: Another important consideration is insulation.

The only way that I see it paying off is if you hold onto the property for YEARS, then maybe you will start to see your ROI but until then, it's just an extra burden that you would have to worry about. 

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Teaming up with a partner can help lower initial costs and bring in extra support.