It should easily convert to a rentable 1BR/1Bath unit.

Your brother came and looked at the place Courteney and I just got under contract and we plan to convert the garage into an ADU. 

We have several that eventually want to syndicate themselves... 

I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)

Then after the year is up i would move into the final unit and do the same reno and eventually move out completely. 

I am honestly worried that US will eventually go under lockdown too.  

This conversation led to the two men meeting and the "investor" eventually making an offer on the home.

I just expect them to be late and eventually catch up

I am also currently studying to take my Real Estate License, but i'm not really that interested to work with customers also (Though selling a house here and there would help) But i eventually want to use it for when i buy my own properties in the future, exactly like how you are doing it!

I don’t want to learn the self discipline that will give me the solid foundation that I can eventually invest life-changing sums of money and accrue massive amounts of assets.