I recently purchased a house in Hamilton, Ontario.Going to convert single (bungalow) to duplex.Would it be possible to advise if there is anything in below that you think is unnecessary for our investment purpose:Ground Floor:- Has all original items but painted- existing old wood floor (narrow wd strips)- existing laminate countertop with old painted cabinets- existing painted base boards- washrooms fixtures are working fine - painted old vanity cabinetShould I leave all items above leave as is?

., The plan is to eventually move lock stock and barrel to Texas  and these investments are a precursor to that.At present I do not have a team set up to get the ball rolling ..I was hoping for some guidance from similar investors who have properties in the area. 

I get multis from investor lists and often the 'good' numbers are because of something circumstances such as a legal duplex being converted into a 4-unit.

I want to buy for cashflow and eventually 1031 into commercial multi-family properties.

Or, should I just go get a convertible instead and call it a day?

But you could also be setting yourself up to convert it back in the future. 

Thanks so much Meir, I will be eventually getting into Airbnbs towards the end of the year and these videos are PHENOMENAL!!!

But the 41k would be a big boon for doing more deals and increasing my current #units from 8 to my eventual goal of 25.Question: What am I missing in terms of the way I’m thinking about this?

Even with "rent stabilization", rents are still increasing faster than wages in these markets; ergo, the voters will eventually require their lap dogs....err, I mean representatives to pass new laws to make housing "affordable". 

I never expected to get a financial benefit out of that relationship, but eventually did.My experience with networking is that you will meet like minded individuals and over a period of time you will get to know each other better and eventually some deal will come along that works for the both of you and you will pull the trigger.