Need advice on a Tenants in common or LLC agreement***

[David Denney]

Hello, long story short, myself, my father and a friend started buying and selling raw land. Mainly farms. We are on our third farm in two years and I have a niche for finding and flipping these things. The set up now is tenants in common 1/3rd equity. All bills like taxes, seed, and items needed are split in 3rds. I find the farms and make our money at the buy. Then I do all the labor. The other two are more silent investors. Income gets split e ways. We are doing a 1031 and want to use a tenants in common agreement until we can get the LLC. I Feel that it's only fair that I receive a percentage of equity or kick back for finding the farms as well as the endless hours I put into them. How could this be structured. Would I gain more equity or would the partners pay a fee bases on our agreement. We are all putting down similar amounts. I want to construct an agreement that keeps the money distribution fair. We also split the annual payment and any income on the farm, ANY HELP OR IDEAS HOW TO WORD THIS WOULD BE AMAZING. Kind of stuck on this but know we need an agreement.