Nothing is owed on the inherited property.My question is, with the costs of building new still relatively high, would it be better to subdivide and build on the current property or use the equity of the inherited property to buy another separate income property?

Quote from @Gabriel Santin: You can get an approval from the HML and get that to show the agent..

If you’re west of 315 then not so much in the near future. 

I recovered and hired a PM who specializes in S8  @Rhianna Cultrona Please share! 

There are several groups that have meetings, check the 'get started' tab up top and look for any that are listed there, plus the meetup app and I am on the board of the local REIA.

The idea behind a cash offer is that well, you have the cash.

Quote from @Taylor Davila: What is the average cost of converting a single family home into a duplex? 

That market is recovering, but with covid still taking a stranglehold on the Country and tourism, you need to have the numbers work as a long term rental also.

Best of luck on the journey! 

Have you looked up the properties in question?