If you plan to live in an RV, renting out both homes could reduce living expenses, but make sure you’re set up for remote property management, possibly with a property manager.

For example if one partner brings the 20% down payment and the other will do the labor for renovations then what would be a reasonable split be.

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

It is a new construction where they will not reduce the price in lieu of broker commission to keep their comps high.

I hope this amount of time will be reduced in the future. 

Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.