And def some modernization maybe new kitchen and slightly updated restrooms. 

What are the requirements (ratio of bedrooms to washrooms, kitchens, etc)?  

(Room size 12 x 12)-Bathroom is pretty simple, ( ceiling only 6 x10) 2-4 hours ($60-$120)-Kitchen ( room size 14 x16)-Drop ceiling 6-10 hours 2 gallons $50-Walls 3-6 hours 1 gallon $40-cabinets 30-40 hours 2 gallons $100-kitchen 39-56 hours ($1,170-$1,680)Materials around $200I'll estimate 75-110 hours ($2,250-$3,300)And materials at around $700So remember I can do as much or as little repair as you want me to do.

I have a rental house in Dallas, TX. The house is currently occupied. Recently, there was some extensive water damage that came from a busted dishwasher. I've had the restoration company out, filed an insurance claim ...

I have looked at a couple of single family with two kitchens to convert but one was sold the day my offer went in and the other the numbers didn't work.

It also has a small bungalow in the lot with 1 bed, 1 bath and a kitchen.

It's a short saleThe 2nd bath has a shower and no tub(family neighborhood)Small kitchen(but in great shape)Some crazy paint jobsThe double vainity in the master bath isn't actually in the bathroom.

Hi Samuel,Thanks for your feedback; I’ve been hearing great things about Kitchener-Waterloo.

I have not gotten a official inspection yet, but based on my inspection of the house it needs the following, heat/air unit, appliances, some flooring(laminate is torn). 

Investing in the construction conversion costs to split out the utilities, install a kitchen, and any other reno costs.