Generally speaking they are way over priced and devalue rapidly once built.

Even if the home appraises on the day you buy it it will DEVALUE in the first 12 months if it's in a market that has no or little growth.So you have to decide is the peace of mind of a full rehab worth paying a large premium for. 

I'm not trying to devalue reading, and learning, but I am saying if that's all you do it isn't going to cut it.

It amazes me how misunderstood how devaluing rent control can be on property. 

I never choose to supplement tenants rent at my expense and devalue my investment.

I would like to keep the garage -- with reasons being that the renter will need to store some things like a lawnmower or tools in it, it is more marketable with a garage both for rent and sale, and taking something like a garage away would devalue the property.

This will obviously devalue many rental homes within the city limits, some more than others.

It's not impossible, but it would definitely devalue your property.

Plus the bank will devalue your cash flow by debt to income, forcing a 25% vacancy on it.  

Plus there seems to be more potential for devaluation of the asset, for example, if they wreck it.