I say I can get a double out this because of the price point of purchase coupled with increased NOI and some other fixes in expenses.

Is there a formula  or rule of thumb Im not aware of? 

Have heard of Habitat Restore for cheap material and will definitely look into that.Any tips to installing these windows that I need to be aware of?

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.

We are selling our SFR rentals and the tenants have all been aware. 

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. 

If you want to do that in the RE world, you should explore wholesaling, that is the only way I am aware that you can still be in the game and network without having to have any money.

Learned that unless you make justify an increase in price, the additional just isn’t worth it.