This property, using 10% across the board, cash flows just over $150/mo.I can understand not getting too excited about it, honestly analyzed 20-30 properties, had 4 that I thought were worth some time and actually had a chance to have another investor look at and that calmed my nerves a bit that I was heading in the right direction.

If you can model in your sleep esp. waterfalls and valuation of the 4 food groups: multifamily, offices, retail and industrial, you can work for most investing groups/developers. 

After said conversation (which was related in a calm, kind, and loving way), my 21-year old brother stopped speaking with us.

They needed calm and experienced representation to calm them down. 

A calm and quiet neighborhood.

In this scenario, there is no obligation to pay anything more.Your homework is to connect with the operator/sponsor and ask about the waterfall payouts and to secure a copy of the operating agreement.Good luck.

If he stops by and catches you outside, be calm, polite, and firm that you will be accepting someone else and that you wish him luck in his search.

And repeat this if it is an FHA loan, it has to go through a waterfall process of loan modification to decline first, before applying for the short sale.  

Also invest in real estate because it produces income, modest appreciation (generally), and CASH.Just stay calm and execute a balanced plan for a long time, all you'll be sitting pretty well.

Are they pro rata or are there complicated distribution waterfalls, etc.?