I would consult with an accountant to make sure you have the right entity structure and would also so tax planning.

My questions revolve around how to structure the equity & profit splits so that it's fair for what we're going to be doing.

That means you can't write off 100% of furniture or get full depreciation on the structure.

I know there are implications to taxes and also the legal structure of the business, however I am wanting to specifically speak about borrowing. 

I am scouting some land to build a new multifamily structure on for an investor friend of mine and I'm a little confused by the zoning descriptions I am seeing on Loopnet and Crexi.

I need to find a trustworthy structural contractor to help that is knowledgeable in building code for that area.

We know we'll have to do 1065 filing b/c of the multi-member structure, but it still seemed easier and more economical than creating and maintaining 2 LLCs... since we dont' have plans for many members or lots of properties, etc.

Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the dealLender - advice you to select a lender with verified 203k experience; the lender is the quarterback in the process, controlling the rules, paperwork, processes, procedures, and if the lender does not have sufficient experience with the 203k, your entire process can look like the Cleveland Browns on a Sunday afternoon203k Consultant - the lender is responsible for selecting the 203k Consultant (refer to Lender paragraph above); this person determines the scope of work and pricing for the projectContractor - strongly advise you to select a Certified 203k Contractor; this person does not set the pricing (see 203k Consultant info above) but does need to know the different versions of the 203k, payment methods, timelines, paperwork, and processes; definitely don't want to work with a contractor who is going to "wing it" on a 203k.

Any ideas on what type of entity should be formed, structure, etc? 

if so, ask for closure reports for old tanks(3) check condition of spill buckets and make sure they are monitored. if not, should collect samples from around those structures. they often get dinked by snowplows and vapors may escape then condense into soil.(4) has property always been on public sewer since it operated as gas station. if not, did they perform auto repair?