We’re certainly not in a financial or experiential position to acquire a 400,000sqft mix res and comm property and undertake a multi-million dollar rehab on our own right now.

If you're wanting to move into a completely different rental category by say...adding room(s) that's a whole different undertaking. 

It can be a big undertaking--Unless you are rather experienced with this type of damage, it may be hard for your to tell the extent of damage. 

., (1964) 42 TC 1067.The Supreme Court has explained that the distinction between co-owners of property and partners depends on whether they intend to and, in fact, join together for the present conduct of an undertaking or enterprise-The following factors are often cited as evidence of this intent:The agreement of the parties and their conduct in executing its terms;The contributions, if any, that each party makes to the venture;Control over income and capital and the right of each party to make withdrawals;Whether the parties are co-proprietors who share in net profits and have an obligation to share losses;Whether business was conducted in the joint names of the parties;Whether the parties held themselves out as joint venturers; andWhether separate books of account were maintained for the venture.The court held that the co-ownership arrangement constituted a partnership for federal tax purposes.

Thanks in advance for reading this post and would appreciate your wisdom in undertaking this project.   

Would you please share any contacts you might have that undertake such work.

Additionally, if you have any advice you feel is pertinent as I attempt to undertake this endeavor I would appreciate it any wisdom you can share.

Given that I am 24, with no prior experience in real-estate and no family to help me, this was a huge project to undertake (alongside a very demanding job). 

     I recently decided wholesaling might be a better strategy for me to undertake since I don't have the capital necessary to purchase an investment property with 20% down (unless I use a VA loan and house hack).

I am undertaking interior rehab work on a duplex in Columbus, Ohio, and looking for referrals for a general contractor.