Partnering/JV's/Syndication/

[Dave Gerlitz]

I am an experienced rehabber and flipper looking to start building cash flow with longer term holds on multifamily units. I believe I can raise about 500K plus some of my own funds to get started. If I function as the syndicator including acquisition, operation (with a separate management company) and disposition (whenever that is), what is fair in terms of dividing the monthly cash flows? I have had some people tell me they take just 1-3% for management fees (which seems low) and have some some people say they only do 50/50 deals, which seems high. Any thoughts? Thanks from a new bigger pockets member.