What is a reasonable equity position?

[Dave Binder]

I found an off market building and I don't have the financing to purchase it, the building is going to be roughly 425k. I found a partner that has the ability to obtain the capital to purchase the building and I told them that I wanted to have partial ownership in the building to start building my portfolio. They want to handle the day to day operations and give me 10% equity for bringing the deal and getting it put together. I was honestly hoping for a bit more because it's in an A area and finding off market deals is very hard to do in our market. I don't want to be greedy but I was expecting to have a bit larger role and didn't expect them to take on updates and running the building. So what I want to know what would be considered a fair share for someone in my position? 3- store fronts 3- 2 bed 1 bath apartments All rented and brings in 4k a month. Rents will be pushed up once we take over if we acquire the building.