Needless to say, we decided to switch property management after that.Month Three:The third month was spent conducting the property management handover. 

If you're splitting based on the knowledge, experience and work each party is doing, then you need to sit down and all come to agreement on the amount of knowledge, experience and work you're each bringing to the deal -- and then split accordingly.

The best part is no closing costs.

I’m sure you could rent it out on the weekends for weddings, bachelor/bachelorette parties, company group outings, etc...

@Aubrey Ross I third that!

I am looking to find the most fair solution for both parties as my partners have been great and I hope to do future deals with them. 

., as you are not a party to the transaction.

If we end up with the parcel we have two parties on standby willing to pay $3.5 million, or let us partner with them with them paying all development cost.

Some payments are for escrow and not deductible/capitalized until paid by escrow to third party.capitalized closing costs = title work, loan processing fees, etccurrently expensed closing costs = pro-rated real estate taxes, insurance, etcEscrow = escrow payments

Delaying the closing date is not really an option, because all three parties have movers booked for D-day and movers are usually booked out a few weeks.