Waterfall structure would consist of a ~1.15x EQM preferred return with a 50/50 split beyond. 

Many syndicators use what is called "waterfall" with preferred returns for the Limited Partners but if the deal does really well, the bulk of the profit shifts to the syndicator. 

No gutters on the roof and water falls directly onto foundation. 

QuietRealty makes me think of retired people looking for a place to settle where it is calm and peaceful.

@Dan Cahill, I generally agree with Bob, and I also see a lot of reasons why the market is not cooling down, primarily construction costs will keep any existing product inflated (when compared to years ago) and when those do calm down, general inflation will have likely pushed your value anyways.While not specifically a NNN deal, I still think about how "frothy" the 2006 single family (and commercial market) was too.  

Gourmet chef's kitchen with sleek cabinets, state of the art appliances and waterfall island.

Stay calm and wait.

I would look closer to the 30 day trend until everything in the market starts to calm down. 

Remodeled kitchen has white shaker cabinets, stainless appliances, large island with premium waterfall counters.

I need to call her back today since I asked her to wait a couple days and calm down so we could connect.