My question is I guess will be responsible for the gas bill, how would i price my rents to reflect the gas bill.

For me writing down and reflecting helps me focus.

Please feel free to reflect honestly as I'm excited to hear your thoughts.

If high appreciation is expected, the selling price will reflect future value.

I don't know how serious I should be about this property, but I would like to see how accurate numbers reflect the outcome of the number.Also, thank you for the timeline of expected wear and tear.

If you can find a 2x1/1 duplex that sold a couple years ago, you can do a general calculation that reflects what percent the market has changed in that time, and then apply it to the outdated comp you found.

So even my tax returns from prior years doesn't reflect this year, where rental income was zero.

@Elaine Lee Make sure your property is zoned for this use, or that the bylaw reflects this being allowed.

I am new to real estate investing and after some reflection I am looking to go into commercial real estate (storage units to be specific).

Once you start work on the property you may have to change the Liability coverage or endorse the policy to reflect the new use.