The 4-plex would produce around $1000/mo cash flow after financing, and that financing would recover your total build cost leaving you with no money in the deal at the end and an "infinite return" for CoC.

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.

@Arron Paulino Your posts illustrate the challenges of exiting SFH's in markets where the natural buyer is another investor and not home owner.

So My dad would end up with 50 to 75 leads for the month all self produced ( which was legal at the company) And within about 18 months was number one sales men then about 2 years after that he went out on his own and started buying his own land to flip.

You could also go work as a buyers agent on a top producers team and do closings that way.

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

I notice that "Notice of an Independent Solar Energy Producer Contract" comes up a lot when filtering through Liens.

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. 

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.