Concerns: Adding 5 years to our life goals.Rising Interest Rates.Less upside in a single family these days.Pulling back considerably on a comfortable lifestyle to make big mortgage payments.Thanks in advance, BP. 

Will you charge me upfront for these costs or are they added to my loan?

Now you don’t have to worry about the added construction costs that come with adding a new parking space.

When making repairs vs improvements and whether you can deduct as a repair or whether it's treated as an improvement and added to your cost basis and depreciated.

@Ron Alexander For distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate (and alone) from the ones that barely produce (and can be combined in one LLC till they start "producing")- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.If Series-LLC is an option for you, get one and put each property in its own child Series-LLC, problem solved.

To make things easier I was added as a co applicant so we would get checks in birth our names so I can write them to close deals buy materials and pay contractors etc.

It varies by type of property (apt vs house), but typically you could either look at "for rent" ads to see what other landlords are advertising, call and ask local property management companies in the area, or just ask other landlords here on BP who have rentals in the area that you're interested in.

This was for a Campanelli ranch that had a second story added and two walls pushed out for an expanded living area. 

They would not have done this if they perceived our ability to manage as an added risk.

I think you will be better off just adding on the ramp whatever you anticipate the bill to be.