The key is to have a clear, written agreement that defines roles, responsibilities, and how profits are divided.50/50 Split: This is the most straightforward and common model, especially with land deals that often have smaller margins than residential houses.

Your role is strictly as a principal in the transaction.

The investor plays the role of an investment banker.  

Outside of those peak times, it probably does flatten out closer to what you’re describing.Your point about hiring someone full-time (and broadening their role beyond just property management) is a good one.

She came to the role as an investor herself and consistently approached the work with a positive attitude.

We can help you role play and all that as well.

You not only built a profitable business but also played a significant role in revitalizing a community.

You must be transparent with both the buyer and the seller about your role as a principal in the transaction and that you are a licensed agent.2.

Outside of real estate, I enjoy skiing, golfing, and exercising. 

That said, I know that is going to over a year to get necessary approvals and want to stress test a Minimum Viable Product exercise in case the redevelopment doesn't pay off.