Alternatively, I could sell the property.

I also am a proponent of spending my time trying to increase my income rather than laboring to save minuscule amounts, so her material resonates with me. 

We have been renting the garage to a guy for storage and have $1250 in income for 2019, and have put about $30,000 into materials and labor for improvements.Does the $1250 in gross rents go on both line 1a of 1065 (Gross receipts or sales) and on line 2 (Gross Rents) of the 8825 report for our property?

Part of the process of the BRRRR strategy is the refi portion to get you back some or all of your initial cash invested so you can keep going but not all properties will be in a position to get the refi so that is something you need to consider with your lenders and you should have an alternative for that instance.

It would seem that knowing the area and prices for labor and material for that area are part of the key to this and that investors that are working in areas they are not familiar with would have a problem using this strategy.

I have been trying to analyze properties right now and read up on REI material.

(On-base housing and food can suck, but it's way more affordable than the alternatives!

The question I’m trying to ask is (and I’m sure this depends on market) what types of material, upgrades, finishes do you put in your rentals?

For example, 60's multifamily may have materials that 80's and newer does not so for that reason you prefer to stay above 80's product.

But in my marketing materials to try to find under the radar houses to buy, I just don’t want to do that.The rules of each state commission may differ, but those of you who are a realtor and are also investors… Have you had to deal with this?