Something to through into consideration, is the level of finish your friend would require. While a certain level of work must be done to get the occupancy permit, if you friend can live without finishing touches like trim around the window, walls painted, etc that can help bring the cost down.
Unfortunately some people don't want to have to do that finish work themselves, which adds cost to the project..
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Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....
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