This is typically raised from investors and it's used to close on deals and to operate the asset(s) after closing. 

@Cardiay WatsonPerhaps you can use a standard lease form and just specify only the garage is being rented out?

This is a rather interesting scenario I evaluated a few months ago.

Here's a guide for evictions in Alabama: https://www.hemlane.com/resources/alabama-eviction-laws/

What’s also true is that you can deduct expenses and even depreciation on this same % and subtract the first $1000 before calculating the UBIT.  

Sub toOwner Carry Private money What made you interested in investing in this type of deal?

I am new to this website and I love Albuquerque New Mexico.

@Joe Pless Not to get political but those who suggest this feel this way regardless of the outcome of the election? 

This way, I can tailor my services to find properties that align with your investment strategy.

From reading your post, it seems that your monthly cashflow might be in the negative with all expenses considered.If you don’t go with the above, then you’ll be dependent on whatever you have set aside for cash reserves to keep the townhouse running.