Richards, do you hate the existing floors or are you just hoping to improve air quality and energy efficiency?  

They are small and it may boost the curb appeal tremendously.ThanksRick

If you ignore appreciation you're giving up the biggest boost to your profits you can get, anywhere.

I do however have the mental wherewithal and energy to build on the land.

Now if my client said "I think we might take that 100K for our 225K house", I would say "Wait, let me drop it to 180K and see if we get traffic, let me drop it to 150 and see if we get traffic, just taking an offer less than half of asking is not in your best interest".As a buyers agent, making lowball offers on MLS properties that have not been on for a long time is a waste of time and energy.

In order to make this work, you need to get the purchase price and expenses down, while boosting your ARV. 

We are not as dependent on the energy sector as AB is.

Adding basement suite will boost up the value of the property and also increase the cash flow simulatenously.

With the other unit covering most of my mortgage payment, I'm excitedly working to finish an online grad school program to boost my income while saving up for a downpayment on a second property. 

It will save you time and energy converting later on when you out grow your current PM software or process / systems.