[911Rob]

O.K., I started to read the replys and was going to post some thank-you's and responses, but at this point I can only say "THANK-YOU" to everyone that posted here; I really appreciate this in more ways than you could know.

Every post has it's values and merits; I've been dealing with this issue all morning again and the crap is gonna hit the fan. Some really, really good insight here that will help me with the situation. Man, I should take down my barriers and put more trust in the PPOT brain trust MORE OFTEN!

Couple things;
I own the development, lock, stock and barrell. So there is no involvment there. Market value for the lots is very apparant and we have been very fair with the lot values in the formulas.

My "friend" has a huge development background and is no fool. He knows the lien act inside/out; he knows the building regulations inside/out; he is a good builder, but he's always done it as an EMPLOYEE before hooking up with me.

We have a JV agreement, in writing. We have (had) a business plan, in writing. Etc. That's all good. I ammended the JV agreement the last set back to take less profit on MY end and keep his end higher, as he is doing the day to day work. This new CTC, I can still live with it.

Due's "devils advocate" post has some good points. duh? Crap! How did I miss that?

I am moving forward today to salvage the friendship and end the business relationship. This has been a struggle for me since the first round of cost reporting; the builder couldn't give me a CTC report and I freaked at that point. He lacks some skills in this department.

Once again, I appreciate your reply's; I'll be back later tonight... got a full day planned.
Cheers boys