for this situation you should get full market for your lot and 20 to 40% of the profit on top  or sell your lot for 100 to 200k more than your asking..

I may also have to re-think my profit per door target using these higher numbers.

Also what is the best way to tell a seller your going to make profit off of selling their home with out them getting upset or having to do a double close ?

HOWEVER, philosophically it's significant because handling eChecks does not cost anywhere near what it costs to process credit cards so this isn't really about costs, it's about profit.

Live in it while you fix it and gain equity and sell it in 2 years to take those profits tax free.

As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run! 

I want to take this opportunity to transition out of the industry I was in and into real estate.

The options are A) treat the contribution as a loan, with 8% interest, or B) Profit sharing of a certain percent, or C) We partner up with weighted shares... like 20/80 with the understanding that he will provide ongoing maintenance. 

If you decide to sell it, don't wait very long and get that profit money in your pocket. 

Newbie here...so I'm tracking, does that mean he'll have to pay taxes on the 100K he profited?