A syndicator will usually take a percentage of the profit. There is nothing inherently wrong with any of these charges. Add them up to see what they total. Look over the syndicator's track record to see if the fees are worth the level of expertise you get. Know the people you are dealing with and look into their track record.
Syndications are just one of many investment options today.
You will avoid the management headaches, but you better not avoid either the initial research or ongoing monitoring of your investment's performance. Be sure the property is one you want to buy and the syndicator is someone you want to have as a partner. You will probably be together a long time since you cannot easily sell your shares, even at a discount to market value. Here are some reading suggestions before you jump into a syndication. His company specializes in apartment counseling and research and publishes The Apartment Advisor.