Typically, I would base the profit distribution on the initial capital contribution, but I am not sure if that is equitable in this situation as his skills will likely be needed more often than my skills as an attorney.

Those details are typically spelled out clearly in your sales agreement.

Raw land typically has no permits, utilities, etc...the land has to be "developed" with these things before you ever build on it. 

Its typically on the street side, but if don't see it go in the basement or crawl space and see where the main water line is coming in and you will know its on that side of the house.

Also depends on the job, up front cost, and schedule for completion.For large projects I typically pay the vendor directly for supplies as I don't like prepaying any labor.

Do you typically make all adults (a couple, etc) pay to apply?

Typically its no Issue untIl you have to do an evictIon or when cIty fInds out.https://www.citybuildingowners.com/rules-for-new-york-city-basement-rentals/Read the article should have the details you are looking for..

If you built a triplex next door you wouldn't necessarily need to split the lot if you were looking at a build and hold scenario and you could get owner-occupied construction financing.Doing 5 or more units on the same parcel puts you into commercial loan territoryYou could however potentially split the lot and then build a four-plex next door and stay within residential loan guidelines.Construction loans in my area typically lend 60-65% loan to costYou may have enough equity in the house to be able to get that 65% financing without any cash out of pocket.If you were able to split into 10th of an acre lots you could phase the build out of 6 single family homes: BBRRBuy, Build, Refinance, RepeatGood luck!

In a traditional multifamily, everything is typically submetered , and the owner doesnt have to worry about most utilities , since the tenants are each responsible for their own.

@Tyler KastelbergHi Tyler, what is the typical cash on cash return in passive RE investment instruments like apartment buildings, commercial RE, RE Mutual Funds, REIT?