Investor Fund Structure

[Charles Hammon]

Hello... I'm a Professional Civil Engineer and Real Estate Broker in Southern Utah and am ready to move from consulting to managing investor funds.  I'm thinking of the best way to structure a real estate investment company.  The company would operate similar to a real estate investment trust.  My professional expertise is in planning and entitlements.  I need to raise capital and use the capital to place land under contract, plan and design, obtain city approvals, then sell or develop.

Does anyone have experience in similar startups? And do you have suggestions for investment return structure; i.e., offer rates of retain, percent profit of future gains, dividends, etc?

Thank you,

Charles Hammon