Any additional cash flow is split based on ownership basis.  

Hopefully you dont have LP siding since I've seen it commonly get water logged and start to split at the seams.

Hard costs can go up considerably if you have to blast rock for foundations and haul massive amounts of dirt.

It seems we will have to just turn over more rocks than normal to find those better deals.

If you can manage to get the property in a condition that already cashflows enough to yield a profit for you (and you better be certain the numbers the seller is giving you are rock-solid) then why do you need to renovate?

What it basically boils down to is I do all the work, using money from a gap funder and a hard money lender, and then I split the profits with them.

Sales start to drop like a rock and the contraction begins.

If they are wanting to purchase their own home, they will need to have good credit... that may be incentive enough to keep their finances in order and not rock the boat.

They do Equity % better than any of large data provider, and they are one of the only sources where you can split out the in- & out-of-state absentee owners.As far as why other sources are cheaper?  

We both contributed equally but it split the risk while we figured out if the business was going to work.