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

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

This is where everyone started.Residential investing is very forgiving by nature, you have to try hard to really screw it up.

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. 

If not, who do you believe the natural buyer is and why do you believe they will pay retail when they can replicate what you accomplished with any number of available properties on the market at any given time?

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

That's just the nature of this business. 

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

After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property? 

If it was due to a natural disaster they cannot raise your rates.