For some reason we human love to try fighting nature, thinking we can "tame" it, despite failing a whole lot at it. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Naturally, I assumed REI’s "white-glove" service included a strong legal team to handle these situations efficiently.

Meaning if one partner initially contributes 60% & the other contributes 40% then that would naturally give you a 60/40 split2.

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

At the end of the project's life the land must be restored to a natural state and the materials must be recycled if possible, eg. stripping out metal, etc. 

The rental market conditions are slightly tight, indicating a healthy demand for rental properties.Student housing continues to be an attractive investment opportunity due to its recession-resistant nature and consistent demand.

Naturally I asked "how do I find a reliable wholesaler?

Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

Naturally you need to charge them for any damage to incldue smoke damange