However, as @Josh Sohar said- talk to a CPA that has ALL the details about your situation, as there may be something I'm missing.

Happy to speak at more detail if you'd like.

If you have any other questions or further details on the process just let me know!

We would like to do this by making sure we are both comfortable with our partnership legally.A few more details before asking my questions.

With that said, if you would like more details, let me know.

There are many many variables in a price per square foot and it's best to know in great detail what you want/need so your contractor(s) can give you a more accurate estimate.

I am afraid that if he knows that his house is selling for a certain price, he might be inclined to cut corners on the renovation and rehabbing.Some details about the house:It is a 4 bed, 2 bath house with 1 bath en-suite the master bedroom.

I'll send you a colleague request and a PM with more details.

Any time I press for details, none are given. 

Specific details are all based upon what are needed beyond this.Hope this helps!