Also thanks for the tip on watching out for that extra service fee.

Account for extra maint?

Has anyone bought a property and found out that some MEP or Building renovations weren't permitted? 

The local economy may underperform or if it does well then there may end up being extra supply in the market that keeps a lid on prices.

Having an extra $60-70k in the bank would put me in a better position to jump on a good deal though.

If they have the same layout and kept the small bedroom/bathroom, you probably should not dump a bunch of extra money into changing the layout.If you make it a 2-bedroom home, it'll be appraised as such (regardless of how your township views it), and you could end up not getting a lot (or any) money out of this when you refinance.What do the nearby rental ads look like?

A tenant with a permitted pet asked if she could hang her own pet door on the existing hinges and store the existing door. 3.

We added recess lighting, got the laundry inside the house, converted the extra room into a gym and also painted the whole house including the tiles in the bathroom (since me and my girlfriend were experts in painting from all the experience we had from the back house).

Whenever we've made exceptions and approved ppl with lower credit with an extra security deposit (or two), problems have been more likely to arise. 

I've heard some instances where the City allows the homeowner to get away with a sprinkler in only the new unit, but I don't think you can bank on that.Drawings/Permits - The City will require the new unit to be permitted, and may require a full set of drawings and plans.