My financial model for my investors takes into account their front end closing costs, rehab budget, and carrying costs into consideration but I am trying to get the most accurate "general" figure I can use for closing costs when the sale happens. 

If the property under consideration comes through with flying colors, proceed to the next phases.3.  

Hello BiggerPockets community! I hope you’re all healthy and enjoying continued success. I’m getting ready to start looking for deals on my next investment: a cas-flowing long-term buy and hold rental SFR or MFR in Ch...

A few other considerations that most don’t put a lot of thought into, @Matt Ferch …As real estate investors or lenders, we all tend to throw a lot of money around.

That's a critical consideration. 

Cap rate doesn't take mortgage payments into consideration right?

Unfortunately my partner does not believe I should get labor costs and the profit should be split with no labor taken in consideration. 

If there is a mortgage, you will need to get the lender's consent to assign the mortgage to you, or you will otherwise need to refinance the property and simultaneously convey the property from your Aunt to yourself by a "no consideration" deed. 

You need to base the price of these considerations.

My formula for finding a deal looks considerably different from the standard 70% rule.