That's all you need, with 0.0x% of expenses, and extreme tax efficiency. 

Would contractor's appreciate that or is there a better way to make this as efficient, trouble-free and budget-conscience as possible?

My biggest challenge was educating myself on building codes to ensure that I did things right the first time.

By contrast, it sometimes appears that the HML that are a little lighter on the rate (still high, but not THAT crazy), but with higher fees (clearly this is their money maker), really REALLY want to ensure you get out of the HML ASAP, so they can get paid back, allowing them to re-lend that $ and collect those high points/fees from the next person ("velocity" of $ is the concept, if you want to google...

When you review it, you are consistently assessing to avoid resentment and improve on efficiency.

While there is a shortage of rental properties in the area, I would ensure that your success in the venture is not limited to selling the property at a 6 cap in the future. 

If business is not going well for you, having this to fall back on to ensure income is viable each month will certianly help.

Therefore water/energy efficiency is of the tenant's concern and not mine, in addition to the condition of fixtures within the suite. 

They need to ensure that the loan is being used for those purposes as it falls under required guide lines. 

I'd get a task rabbit or your PM to take a picture outside every month to help ensure the yard is maintained...watered, weeded, cut.