If you break-up, it will be a legal nightmare.Try not to get mired down in little tax idiosyncrasies.  

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.

You'd definitely need a partner and that might be a little challenging for you coming off of the job version of a "bad breakup".  

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.

Typically investors will break up their project across 4 draws.

That has only happened to me once due to a break up of the couple that planned to move in.  

Neighbors had to break up the fight.

You could consider putting a mantle across, then hanging a picture or mirror above to break up the expanse of stone.

There are many different ways to break up ownership and create different streams of income, isolate liabilities, and embed entities.That's why a good lawyer is worth her weight in gold.

Deposit same as rent - may break up in payments (up to three months plus application fee).