we did some cosmetic updates in the kitchen, new stainless steel appliances, fresh paint and flooring throughout.

however if the SFH is all above grade it will be how well its converted and units are divided.. personal on a converted duplex I would prefer a side by side vs upper lower split because having a tenant above you with potentially lousy structure floors is super annoying for the lower tenants.. being split with a party wall is much better and also the fact if there are separate utilities.. 

Putting in all new flooring, paint, baseboards and kitchen cabinets & countertops!

( 1st floor unit has mudroom/office ).

The updates will consist of flooring, cabinets, countertops, hardware, fixtures, appliances, light plumbing/electrical.

We want to live in the main floor and rent out the upstairs.

My lung is pretty jacked, probably because I used to sleep on the floor of homes we were remodeling for investors.

The rates are $750 per room in 3 rooms, $700 per room in 2 basement room when they are finished, and I will be living in the master.I want to add 2 more bedroom as soon as possible, but I also want to do renovations in the kitchen, put hardwood floors, remove popcorn ceiling (asbestos), put in recessed lighting, new internal/external paint, remove a load bearing wall, and etc which a contractor said will cost around $80k (I think I can go IKEA kitchen and go cheap on other things and save $30-40k.

Luckily, the property was in remarkable condition needing only the basics; paint, flooring, cleaning, etc.

Meanwhile I would rent somewhere, on the top floor, till I can figure out my next move.