The Operating Agreement will spell out the splits.

As you don't really know him, I would look to create an LLC that spells out exactly who does what, how, equity/pay, and how to exit.

This form will spell out what portion of expenses and deductions are yours to report.  

In all the decades I've been building site built and installing MH's I don't even think a carpenter even knows how to spell the word jig.Now I will give you this.

Hello BP Community,My name is Ron Trinh (Cheng is an alternative spelling) and I am currently working full time in La Jolla, CA as a Tax Accountant for a regional public accounting firm.

@Bill Spell ->  Im looking in the @1MM range and would like something in a B- or better neighborhood within 15 minutes of downtown Houston.   

I just noticed I spelled Florida wrong in my post's title - yikes :/ Anyhow - Thank you all for taking the time to respond and I look forward to learning from, working with and hopefully meeting everyone soon. 

Just don't spell out "mortgage terms" in your agreement.  

If you have company policy's spelled out in an employee handbook explaining acceptable behavior along with the procedures for dealing with infractions.

Or at closing he spells me the property at x $, would he be able to put money down on the deal for me?