Thank you for taking the time to provide the details and the pro forma #'s. 

The LLC would own the property, and your 50/50 split can be outlined in a detailed operating agreement covering roles, responsibilities, and profit-sharing.Since lenders often require personal guarantees for LLC loans, clarify that your partner will be the sole guarantor.

This project will likely be acquired as a SPAC, but those details will be determined by the group of investors, if more than one. 

Are their listings detailed with good-quality photos?

I won't give my full bio here but I am happy to dive into details upon introduction.

One thing that could really help is creating a detailed scope of work before committing.

I would recommend getting this level of detail from whoever you buy from.

Thank you for all the details of this story.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Thank you for your detailed response, Melanie.