In the hallway between the bathroom and bedroom is a double-door linen closet, which could be transformed easily into a kitchenette.

(fleurimont, which is the eastern part of sherbrooke). right now i'm paying 875$/month (nothing included) for a large 4 1/2 (new building) on thibault st. which is further from downtown but the property is much nicer. before that i was paying 675$ (heating, electricity included) for a 4 1/2 on rue Grand Monts. so to summarize yes the market is good for rentals and more people are starting to notice. triplex, quad, and 5-plex are especially attractive if you can get the right deal. there's a large ($100 million) project currently underway to transform wellington street's downtown core (link below). something to keep in mind, if you plan on buying near that area (can probably expect some good appreciation as the project progresses).https://www.sherbrookerecord.com/well-sud-project-gets-the-go-ahead/feel free to message me if you have any more questions about sherbrooke, i'm currently closing on a duplex (in sherbrooke) that i'll be living in next year, i'm actually just getting started in the real estate market here but i grew up in the area so i know it quite well.  

You want at least a 30% margin above costs and the NOI needs to be enough to pay the debt service after stabilization and then some.If the project looks feasible from a financial standpoint the next step is to check with the city or county planning and zoning department to get an idea if your concept will work, if you can build what you would like to build and what is required for all approvals including site plan, building permits, proffers, water/sewer tap fees, bonding requirements, inspections, setbacks, lot coverages, parking requirements, height restrictions, C/O process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

As well as overall business advice because this is not a side hustle for us but something we are looking to transform into a full scale business. 

You want at least a 30% margin above costs and the NOI needs to be enough to pay the debt service after stabilization and then some.If the project looks feasible from a financial standpoint the next step is to check with the city or county planning and zoning department to get an idea if your concept will work, if you can build what you would like to build and what is required for all approvals including site plan, building permits, proffers, water/sewer tap fees, bonding requirements, inspections, setbacks, lot coverages, parking requirements, height restrictions, C/O process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

Tampa is transforming, but no where near the density or tech hub that Seattle is - case in point, my job pays 3x in Seattle then it would in Tampa. 

A typical office or retail tenant would need to install a transformer to step down that voltage which would increase their costs during a fit-out and make the space less appealing to them (or they might try to negotiate a larger TI reimbursement package from you!).  

My Grandmother has a trailer (30 yrs old) on a lot, in a subdivision, that is slowly transforming into a SFH neighborhood. 

Scares most people off, and can really transform the properties with a little bit of work.

You also need to check with the utility companies and get cost estimates from them for availability, fees, hookup charges, transformer and power line/power pole locations or relocation requirements, water, sewer,gas, cable etcYou will need ball park cost estimates from site work contractors for site work, roads, installation of utility lines etc.