I am thinking out loud here but you really should make sure that you obtain a clean/clear Certificate of Occupancy before you close the deal.Even if your lender does not require a Certificate of Occupancy, the City is aware that it MAY NOT issue a Certificate of Occupancy without a garage built on the property.IF you close without this being resolved, the City may contact you as the Owner and (a) demand that you build a garage and (b) inform you that you have a code violation while you have tenants living in the building.IF the City decides that a garage must be built, you could obtain a "conditional" Certificate of Occupancy whereby you either promise to build a garage at a later date/deadline or you make the promise along with paying a bond or escrow to the City.Personally, I would make the Seller pay you for the cost of building a new garage as they are selling the property to you that is not up to code. 

Hello everyoneWe would like to dive in the real estate investment world somewhere, US or Canada...My husband and I currently live in the US with visas so we are both resident aliens.

Same with B-I-N primer, same with Kilz Original, same with any oil-based polyurethane, oil paint (and I use a lot of oil paint and poly), same with pretty much anything that has a higher VOC rating than 100.

@Rachid B.

So unless you're fixing something that must be fixed (i.e. roof) regardless, do a cost to rent increase analysis.What I've found is often you cannot justify the cost of upgrades, unless you're prepared to kick out ALL the tenants and reposition the property to a whole different class (i.e. take it from a "C" to a "B"). 

Corporation A.1 - Property #1Corporation A.2 - Property #2Corporation A.3 - Property #3Corporation B - Property Management Company (Active Corporation)This corporation maintains your properties and provides invoices to each Corporation/Property for services.

We are market makers, we were able to reposition this building into a B product, with a massive CAPEX for renovating units and interiors, as well as infusing a boatload of amenities for residents.

I'm looking for B- or better regions, and I'm set out to achieving at least 12% ROI after CapEx, utilities, and everything else.

If it's an interior chase you can use double walled flue piping a masonry chimney isnt needed with double walled "b" vent. 

@Ram B.