You could look at a prenuptial {like} contract, but there is a possibility it would be subservient to the marital property law.Now, if you purchase the house as Tenants in Common, you could define the portions or ownership at the time of purchase (i.e. 50/50, 60/40, 70/30, etc).  

nope friend is definately off the list. 

In either case for what I'm doing, I need an architect for the site plan for the change of use and a land use attorney for the legal aspects and complying with the notifications to the surrounding property owners. 

@Nathan G. so it sounds like the "part time" aspect is in mindset and action rather than hours worked.

Justin is very good at having well defined terminology.  

The transactional aspect is appealing, as well as the ability to accrue cashflow, which is my goal. 

This is the contract language section that covers payment terms, incentives, indemnification, dispute resolution, manpower loading, milestone definitions, etc.Substantial Completion is usually defined as a property being able to used for its intended purpose.

As such, I'm interested in working with a contractor that has experience with all aspects of construction, is reliable and used to working with out of state investors (and can provide references), and delivers on the work that was promised. 

LIMITED LIABILITY COMPANIES□Do you have an operating agreement that defines the relationship between the company and between members and what happens if the arrangement needs additional capital, there is a disagreement between co-investors or one of the co-investors becomes insolvent, goes bankrupt, divorces, becomes incapacitated or dies?

So I know my numbers in all aspects.