And the next stage of that process is to (6-12 months later) refinance against that new investment.But how can that be done, if you already borrowed the maximum 75% in the first place?

.)+#1 Rate of Start-Up Activity and Entrepreneurship in US (https://indicators.kauffman.org/wp-content/uploads/sites/2/2021/03/2020_Early-Stage-Entrepreneurship-State-Report.pdfLook, we all know these days you can find statistics to make anything look good.

Most real estate opportunity markets are created by a natural disaster, economic disaster, or local government failing to make their local economy adaptable / marketable on the big stage of competition.  

I always think it's better to get moved because you house can be staged and sell at top dollar in a hot market instead of selling while you are trying to move.

I’m still in my novice stages as an investor, so the only “unit” I’m renting is this one (for now), therefore, I don’t currently need a majorly extensive rental agreement.

I can also recommend a lender, for your refinance part, as well as construction crew for when you are at that stage.

I am very happy to join the forum, I am from Toronto and looking forward to learn more about real estate investment and grow together with you guys :)I have a property in Toronto, given its zoning already allows for duplex, I am thinking about converting the existing property to a duplex. following is some basic info:2 story semi detach, location: close to middle town,purchase price: CAD 900000 lot size 21*100, 1500-2000 sqrt feet interior, 3 rooms on second floor, 6 feet high basement, 3 separate entries(front door, back door, basement), 1 detached garage in the yard but facing forward(not laneway), parking is in front of the housealready installed gas furnace,property was built in 1910sARV based on nearby duplex: 1.2m+there are several work involved in this project, including change service power to 200A, egress window for basement, open one window for main floor, separation wall to form two units, and create bathroom for main floor, separate meter if basement size is allowed.another thing I am undecided is whether it is worth to underpin the basement to at least 8.5 inch or not, giving the basement is very small (about 400 sqrt feet)I am only on the first stage of the project, where I just started to gather information and source for an architect and project construction team.

I am very happy to join the forum, I am from Toronto and looking forward to learn more about real estate investment and grow together with you guys :)I have a property in Toronto, given its zoning already allows for duplex, I am thinking about converting the existing property to a duplex. following is some basic info:2 story semi detach, location: close to middle town,purchase price: CAD 900000 lot size 21*100, 1500-2000 sqrt feet interior, 3 rooms on second floor, 6 feet high basement, 3 separate entries(front door, back door, basement), 1 detached garage in the yard but facing forward(not laneway), parking is in front of the housealready installed gas furnace,property was built in 1910sARV based on nearby duplex: 1.2m+there are several work involved in this project, including change service power to 200A, egress window for basement, open one window for main floor, separation wall to form two units, and create bathroom for main floor, separate meter if basement size is allowed.another thing I am undecided is whether it is worth to underpin the basement to at least 8.5 inch or not, giving the basement is very small (about 400 sqrt feet)I am only on the first stage of the project, where I just started to gather information and source for an architect and project construction team.

At this stage I don't think I would "throw the baby out with the bath water"  quite yet...... but I would definitely want more financial info to prove to me that everything is on the up and up...... guess who are the most successful con men?

During the stages of setting up your LLC, you can include provisions in your operating agreement to have it survive beyond your lifespan and seamlessly transfer to another named individual.