(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)

:) Are you needing to use the other sources along with Pad Split to fill your properties?

After closing they split profits 50/50 with you.

That's going to be the answer.If he is willing to split it all 50/50, then go for it. 

We had 20 high net worth investors who placed equity and debt with us with a profit splitting arrangement.

(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)

But I figured that couldn't be the case at all times because, in theory, I'd think some properties would be large enough to facilitate multiple entities. yes if you had significant acreage you could probably split the rights, which I would think would need to be like 50+ acres or so, something smaller I am not sure how it would be split if they both have rights.

. ** Another way: you could do all of the above and then use a company I use to split the lot.

I would want to see if you could partner up with someone and split the profits 50/50, 60/40, or 80/20..

definitely split the lot would be the highest and best use I would assume and sell them off individually