@Yuriy ShepelinYou're not providing enough details as to what type of asset you're investing in, what market, what is the strategy, how much work is involved on each partner side, how long is the holding period, what are the exits, and etc...Aside from that when evaluating a structure there are several factors you need to take into account:1) everything is negotiable2) your "designated driver" experience and personal "skin in the game" play a part in the structure3) the structure could be waterfall and/or combination of multiple things.

The abyss of low income rentals lol sometimes on a calm clear night you can still hear her packing away junk into the apartment 

They can try a white noise machine for the dog Calming treats/ distraction treats when the dog is alone Doggy daycare may be a good solution so the dog isn't alone bored to bark all day Thunder shirt if the dog has anxiety 

You can skip trace addresses with a service like datazap and calm them up. 

But alas, the choppy waters have calmed and here we are, 8 years later, ready to finally start the homeownership process. 

It's not unheard of for return of capital to be the next step in a waterfall after the preferred return hurdle is satisfied. 

I calmed my self down and pleaded with him to give me a better solution.

Keep calm and buy on.  

The water was literally water-falling into the basement from outside.

We had people dump trash in our back yard once and I invested in chain link fence, we did have a few broken windows, grafitti issues, pest control issues but I try to just stay calm and just take it one step at a time.