Second item is the dryer in the shared laundry room, not sure what the issue is but even a service car / minor repairs will be $250-500.

If you kill someone in a car accident and get sued, they could lose all of their equity.

They agreed, so I put my tools in the car, bought a new thermostat, and drove over there. 

:D  The next day, I piled my tools in my car and drove over there to start rehabbing it.A few random, specific tips:Depending on how good the lawn care / other tenants are, the outside of the house may look OK, or not so good. 

You can offer it to a tenant for extra, rent the garage to someone else (say, someone who needs to park a sports car for the winter), or just keep it for yourself.

Big 2 car garage detached.Upper unit: 4br 1.5ba, floors 2 and 3- Living in for the time being- Expected rent $3000-$3200Lower unit: 2br 1ba- Currently renovating- Expected rent $2500-$2650 Rent range: $5500 - $5850PITI: $3900 p/moWhat made you interested in investing in this type of deal?

We consider ourselves more risk averse, fiscal conservative.Financials = household income $155k a year, no debt except mortgage, cars paid off. $66k in reward checking accounts earning 4% interest. $95k in traditional Roth IRA, $68k in 401k.

I had a small inheritance when my grandmother died, and we downsized cars. 

I want option 2 but my fiancé strongly disagrees (I want to run before I walk)Option 1-If I pay off debt that will allow us to clear 1497/Month (871 more) Debts (other than house)- 25k in car loan @ 6.79%, 420/month (bad choice I know but you talk to my beautiful fiancé and you’ll understand) 71 months remain- 2.4k in medical @ 0%, 151.22/month, 11months remain- 3.6K in student loans @ 6.55%, 70/month (who pays these anyways?)

Too bad it’s not a mobile home or I tell you to go get a car loan.