There are initial and annual costs involved, and you have to sign up with a brokerage. 

In my local market (SE Michigan) construction costs have gone up but home prices have fallen.

Folks tend to far underestimate the cost, and length of time, that it takes to rebuild from a disaster such as this.

.- Title Contingency: Include a contingency that the buyer receives clear and marketable title to the property, free of any liens, encumbrances, or legal issues.- Seller Disclosures: Specify that the buyer's acceptance is subject to reviewing and approving all seller disclosures and documents related to the property's condition and history.Timeline and Deadlines: Clearly outline deadlines for completing inspections, securing financing, and satisfying other contingencies.

We will both be on title and are planning to split costs and ownership evenly. 

BTW, PV is currently hawking a "we partner with you" scheme that will cost $9500!

Cost to build should not matter there.Look at your deals. 

Buying an existing place that needs upgrading might be more sensible but it will still cost a lot of dough.Plus the purchase of the catamaran.

It is very time consuming to allocate overhead costs such as automobile, cell phone, etc. to each property.

Feel free to message me if you have any questions.