Partnering with Owner? (New Construction)

[George Voutsinos]

I've come across a situation where an owner has (2) vacant lots next to one another where they'd like to build (2) new homes and sell them.  They have no experience with a project of this magnitude or any construction experience whatsoever.  My question here is, has anyone ever partnered up on a deal with an owner like this before?  How did you structure the deal?  How was the profits split up?