If you compare it to a savings account, it looks completely different.The average flip is turning in $20-30k out in under a 6 month hold on 100k-125k investment.  

Normally a duplex in the hood would not cost that much or rent for that much so it’s hard to compare .it looks like you did your analysis correctly .

I wrote the above for informational purposes.

What keeps us in Canada is a little bit more stable markets compared to there, The fact we know BC very well and what pockets are growing, and that some of our investors will only invest in Canada. 

Comparable homes that are finished in the neighborhood sell for $160k.  

That would defer the tax on the other 50%.The only fly in the ointment I can see is that when your parents were buying that property initially to finish up the first 1031 they had to have the intent to hold it for investment purposes. 

Bosshardt, Watson, etc... tend to have a higher fee and tack on a % to maintenance which always irked me.Exit Realty, Matchmaker tend to have lower fees compared to the larger brokerages and may not tack on a % to the maintenance fee.Gore Rabbell is another one to investigate.If you send me a PM I can give you more candid feedback. 

The main entrance has an office, multi purpose room, bathroom and coin-op laundry room.

I have always had 80-90% of my total net worth invested in real estate and the rest liquid as a cash reserve besides maxing out my IRA, SEP IRA or Solo 401k for tax purposes.

Prices here have only inched up a little bit when compared to other markets.