It can end up costing you much more if you have to tear down and re do.. this is assuming you want to up grade the whole bathroom ie.. new water valve, maybe raise the height of the shower etc.

Hi everyone hope all is well, Hypothetical : I received an application from a person that admitted breaking an apartment lease 6 years ago, but since the application doesn't say "no broken leases" on it, he wants his application to be considered.This is a 2 bedroom house, the bedrooms are small.

When we have inherited tenants we just do repairs as reasonable request come in... then if we want to increase rent or the unit becomes vacant we do repairs/upgrades.

To separate them you will need to go through a subdivision.It’s not a full condo conversion if you are only separating the buildings and not each unit.You will need to talk to land sourveyor and estimate the cost.It is likely that you will need to upgrade the services and some utilities, also you may need to fire rate the external walls of each building.

A bit more to fix what’s broken, or a few hundred to replace.

I made some major modifications and some huge upgrades to my blueprint.

My thought would be, having been an owner occupier in all three of those buildings I mentioned, and still an owner occupier, is that if you're going to be broken by the cost of the POS repairs, then you're not ready to take on a rental property.

Peter,Bill has some good advice, I would look into upgrading that system due to the oil, and if I was spending the money to do it I would have it set up so that they utilities were separated.

Options 2 – Upgrade electric, fix walls from electric installation, upgrade just what is needed, paint, floors, rent at market values.

I know the feeling as you are overly anxious to get started with the renovations.In my mind's eye I see your grand plan unfold, as you get ready to upgrade this flat to bear your stamp of approval.I/we look forward to the pre and post photos.Good luck on your REI journey!