Development Partner Agreement Terms

[Sean York]

I have a potential opportunity to partner with a new development company that has equity backing, construction lender, GC and Asset Manager on board and are building their first projects in one city currently.  My role would be to help the company expand its development model (small boutique multifamily) into other markets.  Since I will not be putting any equity into the deal flow that I create, what should I ask for by way of partnership agreement - % of development fee, % of net profit upon sale?  Should I request reimbursement of business related expenses?  Since I will not be a salaried employee of the company until I've proven my capabilities,  I will need to rely on fees and profits on sale secured by a partnership agreement.  In this particular case,  the development model allows for the sale of a portion of assets and will retain part ownership to participate in cash flow.  What % of net cash flow should I ask for?  Seems like a no brainer to partner with a new company with a tech forward, sustainable product and all players in place, since I will not be putting any of my own money.  I don't want to be too greedy, but I don't want to sell my services short on generating new deal pipeline.  Any advice or recommendations are appreciated.