Structure Partnership for Building

[Cris Faith]

My friend owns 8 lots in West Texas that I can build a , 3 Bed 2 Bath SFR with cashflow $400 to $500 on each. He has no money to contribute, only knowledge, and contacts. The land value is $3000 to $5,000 a lot. How would I structure a partnership? What would be a reasonable distribution of profits? He wants me to set this up in one of his corporations.

Ultimately, it would be difficult to go at it alone, even if I bought the land from him.