When the property sells you will split profits however you decide, whether it be a flat percentage on money provided or 50% / 50% on whatever's left after investor has been paid back initial funds.Also...count your blessings as you are very lucky to have this person(s).  

If the utility was a flat fee, then I would just build the cost into the rent and it would then be invisible to the tenant.

It is hard work and a lot of sleepless nights taking care of tenants and all of the problems associated with a large building.I do love a two-flat or SFH for fix and flip purposes, in part because I am crazy...LOL  I can’t help myself, I do love the construction side of things.l  But I digress...Run the long term numbers, as I am sure you already know, and compare the three options side by side.Good Luck!

This type of property seems to be bigger than what most realtors deal with and to small for a commercial realtor.  Thanks in advance!

Honestly, it sounds like MLM talk where you get the nice big presentation about how you're going to be a rich real estate investor right off the bat with complete disregard for the listener's actual capability to responsibly undertake such large commitments.The notion that larger units are less risky than smaller units is flat wrong.

For example, Scott loves Series LLCs, and there're attorneys who flat dismiss them as a viable device.

During the recession, the Boulder market only flat-lined while much of the country tanked.

Dundee has over 100 acres of flat buildable farm land  in the city limits.

When discussing with residential brokers when I first got my license, the norm was a range of 70:30 to 80:20 and some with just a flat fee.

In a market like Illinois/Chicago where appreciation is pretty flat, how difficult is it to really get that appraisal without market tailwinds?