You may want to consider, if allowable, a rock, brick, or concrete wall for sound problems.

Hard Rock Stadium and an Amazon warehouse anchor employment.

We want to split the lot and build a new duplex.

@Zhenyang JinYes you need to allocate the closing costs the same way - the $4k gets split 60-40 just like the purchase price.

I wonder what's the normal split of the remaining of the profit between myself and the developer - provided that the developer is not putting any cash, but will be taking care of everything from getting the permits, drawings, etc. all the way to overseeing the sales of the units.

We had enough cash to buy it all in cash since the price was so low, we split the cost and split the revenue 50/50.

. • We had to leave before finishing the siding + master suite and getting tenants.At that point:• Couldn’t refi (no tenants yet)• Burned through savings• Took on a HELOC to finish the project⸻📍 Where It Stands NowBlanding, Utah~1.5 acres• House sits centered on the front acre• Rear ½ acre could likely be split into a flag lotCurrently rented:• Upstairs: ~$1,350• Downstairs: $1,350• Total: **$2,700/mo**⸻💰 DebtMortgage:• ~$235k @ 3.99%• ~$1,065/moHELOC (co-signed):• ~$155k @ 9.5%• ~$1,240/moTotal: ≈ $2,305/mo⸻🔧 Still Needs• downstairs Master suite completion• Exterior siding• Deck for code compliance⸻⚠️ Current Reality• Now living ~6 hours away• Had a very bad property management experience previously• Property has never consistently cash flowedAlso:• Most of the appliances and finish costs were paid via credit cards / unsecured loans, not tied to the propertyI’ve come to terms with not clearing that portion.

Some will make a good deal with you on commission split, some will not.

That said, typically the most common way a GP will structure a development water fall is with a return of capital, accrued preferred return, sponsor catch up and a split on any profits beyond that. 

The utility company is responsible for wire up to a certain point and it is in your best interest to put that certain point on the other side of any rocks if you have rocks so they will be responsible for breaking them.