I like the idea the other person proposed of renovating and having an up to date unit to show. 

There’s also plenty of room to build a stand alone apartment.First, how do I find out what’s legal and if it’s possible to rent these other proposed units?

As you have seen prices are at 9% makes junkers over priced for investing proposes.

I am not sure if what they are proposing is disruptive or not since I am new to this environment.

With the amount of equity you are proposing, I would trade up to a 5 unit or higher deal.

Helpful to have the enabling legislation to review as well.

Can anyone suggest a contractor who is available to see the property and provide proposed scope of work. 

Proposal to regulate all cash offers to reduce use of RE to launder money. 

A picture is attached of the current / proposed layout (I'm not artist)My predicament is that I want to maximize my rent but I'm not sure if it will justify the addition of a wall with a door, the removal of a current door and the replacement of that door with some wall, the enlarging of window to make it meet egress standards (not positive on this one but I think I have to do this), and the removal of a closet to make a section for a door.

What you propose has financing and exit risks.