What's a fair profit % for Project Manager?

[Taylor Shapiro]

Hello all,

So it's been a few weeks since my last post. We're coming to the end of my first flip experience and it's been a phenomenal experience.

We've received verbal confirmation on 2 more deals and will close on them by the end of this month.

The investor who I work with briefly discussed how he intends to make me project manager for one of the flips, continue paying me hourly, [i]and to give me a percentage of the total profit. This way I have the incentive to maximize ROI.

I remember reading how @jscott hired a full time PM and includes him in on a percentage of profits. Being that this is only my second rehab, and my first time managing a project on my own, what should I expect to be given as a % for this next deal?

To clarify, I don't necessarily intend to "negotiate" my % on this first opportunity. I've found myself to be in an incredibly fortunate position with this individual and recognize that there will be plenty more opportunities after this one. Any percent will do for now as I am still just learning. I'm just wondering what a fair split would be if he were to put up all the money and "be there for me" when I need help with the process (i.e. calling his cellphone) while I'm there all day managing the crews and pitching in for whatever needs to be done..