Additionally, I have a lot of clients that are private money lenders if you are ever in need of financing.

If you cannot convert it into really useable space, what if you split it in half and put coin op washer/dryers on one side for your tenants use, and on the other side, put storage areas that tenants can rent for an additional fee.

For all you Dave Ramsey acolytes out there I invest in real estate now because without additional income my ability to pay off my student loans at my current salary (which is a good salary) plus living expenses etc... would mean not be able to pay back those loans and be debt free for at least ten and maybe 15 or 20 years down the road.

My question is would it be possible to get another HELOC, or home equity loan, etc. for an additional 30%-40% possibly?

Can you post any additional details about your deal? 

I'd say that after the job is completed, I might need to revisit the project to make additional minor repairs to the garage, and the money is intended also for electricity needed for the minor repairs, if they ever come up. 

(Sorry for the additional questions, but I know I would have these questions in my sleep.)

There a great many benefits when investing near the university- its the largest employer in Cincinnati, student population growing 6%/yr, I've had 0 vacancy, it's just 2 mi from over the rhine(think silver lake) and downtown, it presents cash flowing deals while well in the path of appreciation, and every major hospital in the city is within 1mi.

. (~15k) Additionally, sounds like you are living in it.

I'd need to charge $50-100 each time depending on location and can put that into a buyer's agreement as an additional charge to you at a future closing.