I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

Building a 4,000-square-foot, three-story duplex with a 1,000-square-foot ADU could cost about $1.83 million, including construction and permits (excluding land).

Just ensure to complete necessary due diligence - this can include, but is not limited to, title search, property inspection, appraisal and/or survey. 

He included my Last Will and Testament, Living Will, Advanced Healthcare Directive, General Durable Power of Attorney, etc.

If anyone could include what to look out for in a good deal and a bad deal

The Homeowners Insurance will include Builder's Risk.

I would include your realtor in the conversation, at least when you're introducing yourself.

Was at one last week that included City of Calgary who did a presentation on legalizing illegal suites and accessory suites in general

Though at 1525/mth it is projected to cashflow a little less than 100/mth  -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).

Courtesy of the video, criteria to consider include Deal Type, Management Plan, Business Plan, Financing, Asset Class, Ownership Structure, Property Class, Location, Purchase Price, Rehab Costs, Risk Target, and ROE Targets.