The ROI on granite countertops and stainless steel appliances is pretty slim in C class properties.My model is to renovate and increase rents.

Home inspector noted that all pipes are still galvanized steel and recommended that they get replaced with copper.

You can have 10 conventional mortgages in your name, a spouse can have 10 in their name. 20 mortgage slots available for a married couple.

@Rafael Frias In 6 years at 55 I’ll have “passive” income of around 10K/month with a combination of 11 doors and a rare Steel Worker’s pension (health insurance included).

I am in the process of considering property management software and wanting to hear from others how they got a good majority of their tenants to switch to paying rent online instead of writing checks.As we have rental offices at our properties, most tenants just drop off handwritten checks there (we even have a mail-slot for after hours), so there isn't that much work involved.  

Is the wall steel stud or wood frame?

The kitchen has been completely remodeled with NEW stainless steel appliances, NEW granite countertops throughout, NEW backsplash, NEW cabinets.

NEW stainless steel appliances, NEW granite countertops throughout, NEW backsplash, NEW cabinets.

I have NOT included pricing for appliances.Obviously, there are a number of unknown factors that may affect final pricing but I am confident that my pricing is close.I am factoring in:Removing existing upper deck, staircase and lower deck.Replacing lower deck and stairs within permitted footprint and reducing upper deck.Having concrete foundation cut in order to install new steel door and 2 windows.Removing existing interior deck surface.Digging and removing dirt and debris to create living space as able.Bringing in a separate electrical service with all required upgrades.installing plumbing to allow for a bathroom, laundry and kitchen.I am allowing for sprayfoam to be installed as needed.Framing, boarding, taping and painting as needed.Supply and install flooring and trim.Supply and install new door and 2 windows.Remove all debris including tipping fees.Apply for and arrange for permit and inspections as required.Labour and Material as noted above - $72,000 - $76,000.00Plus HST.The next step, if you wish to proceed, is for a site visit with my electrician and plumber for sure.

Some steel wool and expanding foam fixed it up.