Between 6 months and 12- they will evaluate based on the price at purchase and then after a year, they will consider any additional rehab value.

Additionally, we are open to exploring opportunities in other areas as well.We are particularly interested in:- Learning how to analyze these properties for cash flow potential- Understanding the local market dynamics and trends- Networking with experienced investors who can offer advice and mentorshipWe believe that with the right guidance and connections, we can make informed decisions that will set us on the path to financial independence.

It looks live ARV will be around 275k-300k.My question is, when starting out is hard money the way to go? 

I am going for a house hack with Fannie & Freddie conventional , After my 4th offer was rejected going over listing I asked the listing agent for some additional info and they stated that for this property there were 42 showings within 4 days. 1 cash offer, 1 commercial, 15 conventional and one FHA with 9 waived inspections, 11 escalation clauses and 5 appraisal gaps.

Who wants to live in a slum??

Additionally, there's really not any properties on the east coast that have seperate water meters on 4 or under units. 

As you imply: there is no set standard for "conservative", but my personal POV is we are going to be living with 6% interest rates for a while.  

Then add 10-20k for additional unexpected budgeting. 

I'm witnessing my neighbor go through hell and paying for squatters living in their house and losing money instead of making for 7 months while trying to get these people evicted.

In my mind though, since I live in NY, own the property in NY, doesn't it fall under NY laws anyway?