And then I started inquiring with contractors and everything blew out of proportion!

A belly occurs when settling or compaction of the soil occurs below the pipe and causes the pipe to have a low spotwhere water can collect.

Some municipalities require paving, some will allow compacted gravel.

In a very simple partnership, where everyone has contributed proportional capital at the same time, has a proportional share of the profits, and guarantees a proportional share of the debt, and no one contributed property other than cash, then the answer to your question would typically be "yes" - the 20% partner would effectively be allocated 20% of the gross income of the partnership and 20% of the gross deductions. 

2) Should we splitour taxes equally (50/50 as per Schedule SE) or should it be proportional toour profit margins (my spouse pays taxes on $1k while I pay taxes on $200k)?

From a preparation perspective this keeps it cleaner, especially if any llc were to ever have different ownership, the the holding just gets the k1 for it’s proportional share. 

that shows a large proportion of existing billboards do not follow current guidelines and are illegal.Sorry I can't provide specific information, but hopefully this helps.

The proportions of the Y dollars is irrelevant.

The thing that is never analyzed or discussed is the risk of having such a huge portfolio that is based entirely on debt and really doesn't generate that much income in proportion to the debt. 

I have a smallish SUV and @David Ross has a compact car.