Syndication Manager Fees Split

[Andrew Merritt]

Hey Everyone,

I've got a great mentor that's been helping me out for the past couple of years.  He wants to take the next step and start a syndication with me.  He's got tons of experience, contacts, and access to deals.  He wants me to be the point man: handle day-to-day stuff and pretty much keep things running while he's acting as the face of the business.  I'm super pumped as this will be a great experience and take my investing to then next level.  

He's asked me what kind of cut I'd be looking for in the partnership and I really have no idea.  He's the one with all of the experience (not necessarily in syndications), and I'm more than ok with taking a smaller split, but I also want to make sure it's worth all of the time that I'm going to be putting into this.  Any suggestions on what kind of cut I should request?