(permits, fees, bringing in utilities, curb, gutter, sidewalk, school fees, design fees, etc.)

I don't mind spending the extra money if it's worth it in the long run.Thanks in advance.

Let's say you can find a lender to do 90% CLTV (might be possible with owner occupied).0.9 x 270K = 243KSo 243K is the total loan balance you would be permitted; subtract the principal balance of your primary loan from that 243K and you'll get your potential equity amount.Don't know about seasoning ...

In our Residential Tenancies Act landlords are permitted to charge "a" late fee which is not to exceed the amount the bank charges the landlord for an NSF cheque {that was its initial purpose}.

As far as the actual work involved... you will need to find out what kinds of permits you need, etc.

But, as you can see, that extra $4k from the extra 12% will give me peace of mind/safety from this.

My guess is that by the time you pay your extra pm, cleaning, and maintenance expenses, there will be very little left over from the extra you were able to charge (making the feasibility low).

Is the conventional loan appraiser/underwriter OK with the extra duplex building?

I have listened to last years BP conference which is AWESOME.I am an outside sales rep looking to try to make some extra cash so I can start creating passive cash flow.The podcast are great and I start every Thursday morning by listening to them on my morning drive.

They can simply get a bigger fee from true cash buyers as they dont eat up their margins with the extra costs.