It’s a good idea to review local real estate development compensation norms or even consult with a lawyer to ensure the deal is fair.In your uncle’s case, the terms seem fairly favorable to the engineer if he is only handling the development and not contributing any capital.

These methods can sometimes provide alternatives to traditional mortgages.Conclusion:Before making any decisions, consult with financial advisors, real estate professionals, and lenders.

Thanks for the insight I'd review the contract or agreement and maybe consult an attorney about getting out of this.

Or you’re not budgeting for a great product and will be obsceleted in the near future.My team provides all the above without hefty consultation fees like many STR experts/gurus do.  

I am NOT an attorney so please consult one before implementing the verbage below.  

As far as the land trust we needed to see attorneys and preferably the attorneys Legacy contracts with to teach asset and taxes (Anderson Advisors who would give you a free consultation which they offer on their website).  

You may want to consult an attorney about the pros and cons regarding joint venture partnerships, partnerships, business collaborations, etc. 

But if you’re unsure about compliance or plan to scale your real estate portfolio, I’d recommend consulting a CPA or attorney to avoid costly mistakes.

I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!

This may not be entirely a CPA question, you will need to consult with an attorney as well.