I think it could take less than a year but folks usually think they can do this in 2-4 weeks and are disappointed;-)I'd see what's been done similar to your project in the last two years and check with those contractors, & developers for hard numbers, then meet with the Building Department and Neighbors.

Trying to validate to the seller why he/she is asking too much is a full's game...

Any Louisville investors want to meet for coffee/beer to discuss strategy?

Also attend any investor meet ups locally.

Otherwise, if the numbers meet your criteria, pull the trigger fast-like! 

I'm really hoping to meet others on BP that are in Canada, Ontario, or the GTA.

I am going to meet with him tomorrow and have some questions I am going to ask him, but I am looking for some suggestions as well.

I've been doing some searching and found 1 meet up group in La Plata but was hoping to find something a little further South. 

There’s a meet up usually monthly for folks of all experience.  

In most cases, tenants will disappear when they receive the Pay or Quit Notice and realize you're not going to play games.