If more than one Tenant occupies the Rental Unit, the total amount of the Relocation Payments shall be paid on a pro-rata share to each Eligible Tenant.

Note at the end that the values and associated debt are shown on a "pro-rata basis as a percentage of ownership". 

Profit Available for Distribution, if and when available, as determined in the sole discretion of the Managing Member, will be allocated to the Members in the following order and priority:(a) First, to the Members, on a pro rata basis, until each Member has received a ten percent (10%) Annual Rate of Return on its unreturned Capital Contributions;(b) Second, (i) Sixty percent (60%) pro rata to the Members and (ii) forty percent (40%) to the Managing Member.Having said that, it doesn't always have to work this way. 

This deduction is limited to your pro rata share of the business' W-2 income, and is not available to certain service industries. 

Here are the numbers:Purchase Price: $14KCash Paid at Closing: $13,165 (deduct closing cost contribution, owner’s pro-rata taxes and the current month’s rent, security deposit)Insurance: $1,416 (Travis Swain assisted me with my policy, I highly recommend Travis as others have on BP – big thank you to the community as it is a hassle finding insurance on these older properties)Maintenance: $2,220 (Using the property RSF although prior owner spent $1.8K in both 2014 and 2015)Management: $0 (Tenant manager for the past 15 or so years and seems eager to pay the rent.

Carve-outs for bad boy provisions okay, but I doubt this will even come up-No points and market-based rate-80%+ LTC-Blanket loan with release clauses (I'll start doing some research on language for these today)-Release clauses should allow us to build on any of the lots and not prevent "checker boarding" (the lots are all adjacent so I can't imagine this is an issue less some of the flag lots)-Release clauses should keep seller's security interest in tact and allow our group to take pro rata distributions as projects sell.

Does it allow for non pro rata distributions? 

Is your original guaranty for all of the debts or the corporation or limited in some fashion (ex: pro rata based on equity share)?

The investors have equity in the company pro-rata according to amount of their capital contribution.  

My suggestion would be that you form a joint venture with a builder in which you contribute the lot (valued at FMV), the builder contributes the build costs. and you split the profits pro rata.