Before I buy my first property, I’m curious to talk with a financial advisor to ensure I’m in a good spot and figure out the most tax efficient way to pull together a down payment.

It doesn't take long to learn how to spot a good deal.6.

But I'd just spot-treat with Orange Oil and sister up the beam with lag screws...

I think only 20 spots is way too small to be worthwhile.

You are spot on and this is the kind of detailed analysis we are looking into now! 

Many of the above comments are very spot-on.Not sure if this comment will help, but maybe there's a way to get the best of both worlds if you can build this studio separate from the building and split the lot? 

There is 1 parking spot on the property and is being charged $50 a month (a tenant is paying extra for it).-  I confirmed the tax rate and took the purchase price as the base.- Any other information would be helpful.Thank you again. 

It will be easy to spot. 

On one hand you could sell the property and use the funds from the sale to go and look for a new investment property as you move into your spot downtown.On the other hand, by holding the property you are building equity and the property itself has likely increased in value over time and will continue to.

It doesn't take long to learn how to spot a good deal.6.