So I've recently hooked up with an old friend who now has his own investment company. He is the mandate, it's not a daisy chain. He works with a major lender as well. He's in another state but we are planning on working together to find deals. Now I'm pretty new to this and while he is considered a good guy, my due diligence instinct has me making sure I know basic things like, what's customary/common in regards to payment/"finder fees" and what side usually pays. Is it like usual where the selling side pays and it's possibly split, or otherwise? Also what are some common commissions/payments that you've experienced or seen? I will be researching but figured I would ask here first. Thanks for any replies and any sources for information, etc.

Why not call and find your own deals and keep it all??

Well I'm certainly looking into that. I don't have any way of purchasing them if that's what you're saying. I'm kinda a buyer agent/bird dog position. When you say call...what sources do you have in mind? I know many REIT's tend to deal with them, usually buying them as investments.