Thanks Richard. I have a meeting with them next week.

How do the numbers stack up if you tear down the house and build 4 units? As Steve says, the bigger the problem you solve the greater the reward (or something like that).

You should ha e a talk to council first (start with the town planner). It may depend on whether you want to sell the "units" seperately or not. If you elect to sell them together then you may have no need to subdivide the property, just do the reno and collect the 2 rents. You'll just have to sell both properties together at some time in the…[Read more]