This is why it's helpful to understand the mechanics and process of the litigation process.

Building can be a long process depending on the state and county you're in.

If you partner, do so only for a limited time with a clear exit.

Given the nature of this quick flip, our value addition was primarily in identifying the property’s potential and executing a timely resale.

I spent a lot of time schmoozing folks when I was rebuilding a house in Gatlinburg. 

The list of items will probably cost me $15k and take more than 40 days to arrange given that I have a full time W2.

Its tough to give more advice without actual numbers to see the sale proceeds versus the down payments.Nothing wrong with a 50/50 split other than when it comes time to take out your share in cash other than split rents. 

This allows you to scale multiples on your net worth over time.

But, it's a much slower process than most people will endure. 

Better areas/better assets are still pulling strong rental rates with quick turnover time between tenants.