Partnership with Family Equity split

[Kasey Ingram]

My wife and I are interested in going in on an investment with my sister and brother-in-law. We have over 5 years of experience owning and renting long term and recently short term as well. We are very familiar with the local markets, have the lender & real estate connections etc. 

We are trying to figure out a good split of equity and cash flow since they will likely be putting more down upfront but they live out of state and we would be doing a majority of the management. 

I guess my question is how much should our experience be valued at and should we just have a low amount of equity and charge a monthly management fee?