The top half has already been renovated and has a tenant in place. 

Link the title company with the lender and make sure everyone's contact information and roles are known to the title company- they will take lead, but you'll need to manage everyone if you want the closing to go smoothly.The buyer will require a property inspection as well as an appraisal...hopefully there are no big unforeseens since you have just renovated the property.Shoot me a message if you get hung up.Good luck! 

You can also gain this experience by investing with an experienced syndicate manager in larger projects (100+ units) and closely studying their monthly/quarterly reports.

My investment strategy is to buy and hold small multi-family units and eventually move into some larger commercial properties.

Your best option for the remainder of the renovation costs may be credit cards (assuming you're comfortable with that), and of course friends / family / partner, 401k loan, etc.   

Need to find one that will cover what the call a Renovation Builders Risk. 

@Eve Oliver, I typically hire the majority of renovations out. 

The home commands $1800 per month in rent.One of the adjacent (attached) rowhomes is under renovation and has been open to the environment for weeks.

Currently in the process of renovating our first rental property. 

@Ian Tan3bed/2bath or 4/2 let’s you rent to families and families who want an office/den/adult space but not larger families which may or may not be more destructive to your properties. 4/3 is pry ok.