It depends on what's in your contract.

He wanted to make renovations, depending on the extent, was told he might lose the grandfathering.

In my opinion the way they sell these I should have had tenants by December basically so I'm going on about 6 months depending on how you start with no tenants in either side.  

It depends on what type of experience you want to have.

Instead of depending on buyer agents to drive prospects from house to house, prospects would tour houses themselves, and unlicensed “door-openers” would admit them.

Hard money is mostly for flipping properties or using it as a bridge money for a temporary solution if you need more time depending on what type of trouble you get yourself into.

For fix and flips, the best finishes depend on the neighborhood, target buyer, and your budget.

Depending on your taxes and insurance rates in your market, these could be a little higher for you.

Net Income: 100k~ depending on overtime workedHere is a breakdown of the potential property we would be looking at buying as a long term investment. 3 Bedroom, 1 Bath, 1000sqft, attach single car garage, fully fenced property, needs no work and would be in a state of immediate ready to rent.Purchase Price: $289,90020% Down payment: $57,980Mortgage Rate: 4.5% Amortization: 25 YearsProperty Tax: $3185 annuallyBi-weekly Mortgage Payment: $592Rental Details:Monthly Rent: $2600Mortgage: -$1184/monthProperty Manager: -$260/monthLandlord Insurance: -$105/monthProperty Tax: -$265/month15% Put Away: -$390Leftover: $396Does something like this make sense to jump on?

Capital needed depends on market and deal size.Good luck!