While figuring out how to accomplish the renovations we long term wanted we encountered asbestos insulation in the attic that was hidden by the previous home owners( 2 bedrooms were completely renovation and ceilings raised, the master bedroom was still original).

Or raising the rent to your current tenant when it comes time to renew (because their sq ft has just increased) and just releasing the property as a whole to them as a tenant.I think it could be pretty difficult to find a renter for your garage house.

If you want to run your own deals, you might consider finding a boots-on-the-ground partner with a good reputation and pool capital with them to fund their deals.Dan Handford raises capital for his own deals, and @Paul Moore is more like a fund-of-funds that raises capital from passive investors to deploy with sponsors.

You can raise the value of the home if it's doable and pay the closing costs but if it's short and you are using the same % on closing costs the lesser appraised value will eat away from your original 84.8K value.

You have a lot of options when it comes to financing and raising capital.

You can bring value by sourcing the deal, helping to raise capital, etc.....

I've been reading up on rent control and I see that according to new laws, I can only raise the rent up to 8% max to account for the 5% increase and inflation. 

We self perform construction work and we raise capital for projects.

My name is Kevin and I am living in the US since summer 2018 (born and raised in Germany).

Although I started with a flip I'm trying to raise capitol for entry in the buy and hold strategy.