By renting our current house at $2400 and the new carriage house at $1500, our monthly cash flow increases to $375 and we'd be living in a great house, but no garage (it snows a lot here, current house has a 2-car garage).First of all, I must thank this forum, Mr.

Either way, I was advised by the lender that if the building are side by side there is a possibility to regard them as commercial.The point is, that it is easier to add value by increasing NOI when property is appraised by  it’s income.

Is there room to increase rents? 

This will allow you to study the market and understand what homes sell for in your area.People may potentially not want to recommend their realtor(especially if they are good) because they may think it is increasing their competition in the area. 

Agreed, I want this to be an amenity- not a hassle :)@Evan Torrens, funny enough. 

It's funny- I bought a house a few years back where they used OSB on the walls, too. 

Because there is a lack of deals but not enthusiasm, so they sell courses to newbies who are so late to the party its not even funny.

However, I do see that contractors could get sick of this if they saw no increased business and I had them bid a job a week. 

@Chris Mason - how has the rate increase effected business? 

My thoughts would be just fixing it up will increase the value.