As for deal specifics, I like a 8% return with at least a 2x equity multiple and a favorable waterfall (at least 70/30 hopefully better). 

I just don't think this hot market is really sustainable forever and once the pandemic starts to calm down, people's RE buying is going to change.

It would look a bit more spectacular in my case ;-) But I would definitely build a small water park on my property…that’s a must haha...I love everything that has to do with water...maybe with a small waterfall in the entrance area of the house as well…?

Every day there is priceless; the water seems to bring an energy that calms and refreshes.This property has become a family heirloom. 

For example, if you have a mix of capital and operating partners, a waterfall allocation schedule might make a lot of sense.BP is a great place to get ideas, but you should confirm any ideas on here with your advisors (drafting attorney and tax CPA), as well as have them draft the agreement.If you cannot afford these advisors, respectfully, you're better off not entering into a partnership at this point. 

Hoping to get more when the market calms down a little.

What structures and waterfalls were used and what were your expected returns.Did you understand all the legalese in the contracts?

My agent’s soothing, confident voice calmed any concerns I felt even when he mention offhand that she was on a fixed disability income but had a couple hundred to spare every month after expenses, including the medication to treated her mental disability.

I think this will help calm things a little (in comparison to the 2019-2020 markets). 

Originally posted by @Riley Way:Edit to post: meant to say about 10% increase per year for three years not 25%Seems like a store of value for the appreciation waterfall play.