The parties will jointly appoint an acceptable mediator and will share equally in the cost of such mediation.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

Quote from @JD Martin: If you have found people willing to lend you - someone with I assume no experience doing this, since you're here asking the question - 100% of the costs of such an endeavor for half the profits, you have found a gold mine and should look no further.

We abated the walls, and that added $10,000 to our costs.

The Mexican corporation, generally advised if you buy multiple properties, given the higher costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Definitely a bad way to do business. 

If you're in Northern MN, there is a very good chance that the cost to build a new duplex exceeds the resale value, which would be an awful idea to build a new one. 

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.