Are you looking for a long term management team?

As you've probably read here, however, you will need to check the terms of your mortgage agreement for a "due on sale" clause.

IF you didnt lock - and rates  improve - I would expect the terms you are offered to be better .   

However, the good news is since you've owned the property for over a year it will be considered a long-term capital gain which holds a much lower tax rate than if you owned it for less than a year.  

Hello Mary, without knowing much more you could structure a simple partnership or hold this property in an LLC which can be divided up as you see fit.

Bret -For Long Term Rental, which I am assuming your Garage would be, you can take depreciation expense against the total cost of the rented portion including the construction/conversion.Thanks.

Continuous improvement is key to long-term success.Please feel free to DM me if you want to discuss further and potentially get your investing started!

If all goes well we know we got a great deal on this home with an extra building and will turn it into a great portfolio starter for the long term! 

In Ohio there's no rent control, and in Toledo it's pretty simple: you don't pay your rent, you don't stay in your property.

It feels like you are trying to skip steps rather than doing the hard work of delaying gratification, thinking long term, and slowly building wealth.