Thanks all for your contributions!

We bought it in Jan and comped the ARV at 117k, by the time we put it on the market in March we got 2 offers within the first week for 129k, closed at 125k with no contributions.

Thanks again to everyone who contributed to this post.  

They don't mind putting up more cash up-front relative to my contribution while remaining equitable partners.With the context out of the way and getting to some actual questions...- The thought is that the property would be under my name.

And I plan to train our current staff on deal analysis and deal finding so that they can also contribute and learn that side of the business! 

I make a modest income from my job and have been able to max out both 401k and Roth IRA contributions for the past two years.

The next time a developer comes along, you should know all about FSR's/land value and the cost of PSF for development and the sale price of new development PSF/ Community Amenity Contribution (CAC)  Then you will have a good idea of how much your land is worth to a developer. 

Real estate is basically a 3 legged table: time to work, money to invest and knowledge to contribute.

The K-1 generated from the partnership will report the income, contribution, distribution, and all tax-related matters. 

My company offers a 401k matching program of 25% of my contribution up to a maximum of 10% of my salary.