My biggest tip is to calm down and have someone clear your mind before closing.

If that happens, I think you're going to start to see the beginning of the waterfall.

I ran screaming from that property and it's lovely waterfall view. 

Is there a waterfall (where the equity split changes), and if so, you want to see how near or how far it is from the targeted IRR.

Deals in the DFW area are REALLY hard to find at the moment so I'm wondering if I should just rent but have less money for deals in if I can even find any, or sell and wait until the market calms down or Any help would be greatly appreciated.

Outside, palm trees surround a resort-style backyard with a swimming pool, spa, waterfall, koi pond and Hawaiian-inspired lanai with a lounge and dining terrace.

its really important imo to have a second set of eyes on anything your buying, a good realtor will tell you what not to buy, also are you really capable of calmly negotiating your own deals?

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

I encouraged and supported this idea because I reminded him that in pressure situations our body acts quicker than our mind and we need that conscious reminder to calm down.

On one hand I hope things calm down so that prices become reasonable again to cash flow better, at the same time appreciation is nice.