@Justin England I am counting on it being a pod cast later.  

I'm actually "new" since I've lived here less than a year now, not counting a previous Navy tour long ago :)  I've only owned one previous rehab to rental which went well. 

All of these replies are proof positive why I count on BP!!

Portland Sucks for this kind of business on a big scale and something you can count on..

Certain companies would not be eligible to use the exemption, including:o Non-U.S. companies,o Exchange Act reporting companies,o certain investment companies,o companies that are subject to disqualification under Regulation Crowdfunding,o companies that have failed to comply with the annual reporting requirements under Regulation Crowdfunding during the two years immediately preceding the filing of the offering statement, ando companies that have no specific business plan or have indicated that their business plan is to engage in a merger or acquisition with an unidentified company or companies (no blank check companies).Investor Limitations Individual investors may, over a 12-month period, to invest in the aggregate across all crowdfunding offerings up to:o If either their annual income or net worth is less than $100,000, than the greater of:§ $2,000 or§ 5 percent of the lesser of their annual income or net worth.o If both their annual income and net worth are equal to or more than $100,000, 10 percent of the lesser of their annual income or net worth; Securities purchased in a crowdfunding transaction generally are restricted and may not be resold for one year. o Holders of these securities would not count toward the threshold that requires a company to register its securities under Exchange Act Section 12(g) if the company is current in its annual reporting obligations, retains the services of a registered transfer agent and has less than $25 million in total assets as of the end of its most recently completed fiscal year.

You could count me in as well.

Welcome aboard @Matt Henshaw, impressive on your podcast count, I'm still on like 90 something. :)

I'm not trying to be flippant.If the garage space is being used as a bedroom, then it probably wouldn't be profitable to decrease the bedroom count to return it to being a garage. 

Most lenders will count a percentage of the income from the property toward your debt to income ratio.

As $600 is 1% of 60,000 your rental would fit the bill.My word of caution is to understand that single family homes are really good investments as rentals so long as you don't count on the cash flow (in most cases -- NOT ALL!!)