You should think in percentages not dollars.3.

He is wondering what percentage of the proceeds would be fair to pay the contractor?

idk, i feel like there are necessary details missing here. but i'm also wondering if it would make sense to just reallocate the percentages based on what each person is bringing to the table. it would've been easier if you did have an LLC whose operating agreement you could just change. there's also the 'lazy' 1031 or 'reverse' 1031 where you just make the sale, then strategize with your cpa on how to offset the cap gains for that year. also worth noting: 1/3 of something is better than all of nothing. it sounds like it's not really that partnerships aren't working, it's moreso that you feel like your % is no longer fair? 

It seems like on my OK return they're just looking at my gross rents as a percentage of my AGI and taxing me without looking at any expenses I had. 

But beyond this proposed percentage splits, you and your friend need to look at actual numbers.  

@Alex Hamilton Contributions to a 501c3 Does decrease your income, which in turn decreases your taxes by the appropriate percentage.  

High lawyer hourly on aWhat is the percentage of home transaction that's messy and not straight-forward ?

I recently reviewed a buyer's agreement which stated 3% on gross selling price, plus $695 flat fee in addition to percentage, for services provided. 

Some people respond that they have "plans" to build, but I find that a large percentage of the people I'm calling / texting have had "plans" to build for over 10 years .... my goal is to just keep these leads warm so that when they are ready to let go of the property they think of me first.Part of the issue with the idea of "casting a wide net" is that we have pretty specific neighborhoods and criteriafor what will work with our business model.

That percentage often changes2.