The basement does not have a bath.I can spend about CAD 10-15 K and convert it into a duplex with 1 side yielding a rent of around CAD 1 K.The basement business gives CAD 2 K monthly, allowing me to effectively stay for free in the house.I have a few questions:Since no real estate agents are involved, what will be the best method to determine the correct value of the house?

My momma always said she's sometimes you got to pick and choose your battles.

Cost segregation looks at the $400k of the building and picks out pieces that qualify for a different treatment.

The zoning may be industrial but land use and other factors will determine whether you can build an additional dwelling, whether that is a house, garage apartment, w/e.

Pick their brains, their successes and their failures3) Take Action: Save capital, evaluate deals.

Bad luck comes in threes ( and fours sometimes)  A little over a month  ago I picked up a nice little 2/1 to rehab and rent out .

I am wanting to determine a low minimum bid that should for sure get someone to give and initial bid.

I felt like I could build a business as a successful agent, piggybacking on the relationships with current clients that I've been nurturing for years, and with some of the capital earned, begin a BRRRR snowball that can pick up speed with partnerships and more success. 

My fear when picking up a multi is that I'm inheriting bad tenants that I'll have to pay to evict...while paying for the building in it's entirety without any cash coming in.

For FPI, I would pick up the phone (they would rather talk to you directly to give you the best advice) and talk to:-Bruce Young at Ross Diversified Insurance Services, Inc. (714)379-0163-David Roberts at J.B.