I was hoping to gain some insight from anyone who has experience with the following:  I have a friend who is contributing capital in order to purchase a plot of land in FL.

Two members contributing $35,000 apiece would each receive a 50 percent stake in the company.

Are they contributing more to principle each month?

I find that with a 50/50 arrangement, there's less of an argument as to who contributed more, and if you play you cards right, as everything is a gamble, you might even wind up ahead.I once did a rehab and flip deal with a local agent, who made it his business to find such deals.

I have found the answer that I was looking for and appreciate your contribution!

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

If you're willing to share the neighborhood or cross roads, I'm happy to contribute my two cents.All the best,Brian

That way someone else is contributing to your mortgage.

Is it a combination of what you like about an area combined with factors that would contribute to good CF properties/good appreciation?  

Make sure to "follow the lines" when taking contributions vs distributions.