Sharing profits with your GC can give them extra incentive to do quality work and stay on schedule. but it's essential to have a clear agreement in place to avoid misunderstandings.

Any missteps or misunderstandings of how those all work together will render your LLC useless.Best to meet with a savvy attorney and strategize your specific situation. 

I think people have a fundamental misunderstanding of the goals of the lawsuit & even of doj, the goal was stop what imo was clear collision & basically make real estate more like any other business, there is no public list that shows the average amount a lawyer or doctor makes, people go see what services they are offering, see if they like a person and make a decision on value, some lawyers or plumbers make more than others, I have a a plumber for instance I’m probably “overpaying” because I like the guy and he shows up and does good work.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Perhaps I am misunderstanding what you are trying to say, I don't know many lenders that will give you a loan on vacant land. 

I think the notion that being an agent is easy is a very big misunderstanding.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Get everything in writing to prevent misunderstandings.

From a poll I did on a travel nurse FB group, most that answered fell into the 2nd group.I think there is a misunderstanding from both sides most of the time.

I think there is such a misunderstanding of what to look for in a good PM.