I recently purchased a semi-detached single family home to add to my rental portfolio. The deal was a private off market deal and happened insanely fast (less than 48 hrs). I knew ahead of time I wanted this property no matter what as I own the other home it's attached to and control over the entire building/property was important to me. The market where I live (Winnipeg, Manitoba) is going absolutely bananas right now with low inventory and crazy bidding wars so I know that the ARV will be amazing.

This home is in need of a complete makeover... drywall repair, new flooring, new kitchen, new bathroom. For the most part it's mostly cosmetic as it has a newer roof, windows and mechanical. It's a 3 bed 1 bath home with an unfinished basement. The attached property is a 3 bed 2 bath home and rents really well in my market.

I have never looked at homes that need this much work and a Reno of this volume is something I've never done before... thank goodness I have a talented father in-law.

So here are my questions:
1. What are the best ways to save money for a Reno that is mostly cosmetic?
2. When putting in a new kitchen what are some things to be wary of and what have you done that you found to be very beneficial?
3. Is it worth putting in plumbing in the basement for a second bathroom now or wait and save some $$$ and do it later?

Any other feedback, opinions, suggestions etc are always welcome on this situation in general. Don't worry I'm fully aware of the supply chain issues going on and will be starting to secure materials asap!

Thanks in advance... can't wait to read everyones input.

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