Seeking JV for a good filp or BRRRR

[Mark Woo]

We got a property under contract as a wholesale deal. The purchase price is 30% below the ARV (~420K-450K). We could make this deal as a fix and filp (ROI = 12%, 6 months) or buy and hold. The plan is to seek joint ventures with other passive investors assuming they ONLY contribute capital, nothing else. As the operator of this deal, what should be a reasonable management fee (%) for other investors assuming we manage the deal from start to end? Thank you for sharing your experience and thoughts.