That should give you a fair idea of how soft the market is right now.

Still, many of those are "soft" fails.  

I would go 75% if the market gets really soft and cash flow is really highReserves for GP: Was at 9-12 months, now at 12-18 monthsReturn criteria (Pref, IRR, Eq Multiple): Same minimums 7 pref, 14% IRR to investors. 1.8xGP Fees: No change hereGP Skin in the game: No debate in my mind.

As they say in the old country: "If you have a soft heart, you'd better have a hard arse."

I see the typical fee listed, must be a high interest rate.They do pull credit (soft pull) so you have to qualify for the loan.People making good money doing short term rentals should be putting back reserves to weather a couple months with reduced or no income.

So these are stupid soft measures.

Is the market that soft in Charlotte or that saturated that incentives are needed to keep places full?

As demand decreases and supply increases, we naturally see a decline in price BUT the graphs to follow show a steady demand for housing still and I believe that once people are able to get back to work and start borrowing again, we will see a fast recovery.With our phase-one/soft open coming up in only two days, I feel optimistic that we have seen the bottom of this economic slowdown and that we are soon to be on our way back up. 

It sets you up with being able to get your feet wet with a soft flip, passive income when it's done, and the ability to provide funds for the next project. 

With all of that being said, does anyone have a legal soft proof of funds letter (pre-approval) that is editable and will work in all 50 states?