Its better themed and you have some good related activities like the zip line and some waterfalls that would make it more marketable.

And I am trying to come up with what I think is called a "waterfall" profit sharing schema.

You have different SEC exemptions, you can setup your waterfall in infinite ways, you can charge any fees you want, it can be a fund or a single asset syndication, it can be closed end, open ended, evergreen, etc.But ultimately, you need to convince people you meet you know what you are doing and will be a good steward of their hard earned money.  

So in the case where you take responsibility for the PM that is running the screening process for these properties for both newbie and "oldie" investors/clients of yours, how are you handling the selection of the tenants and what are you telling the investors to calm their nerves during this eviction moratorium that exists currently that are hesitant to buy a rental because of this?

So most waterfalls provide for payment of the preferred return first, followed by return of capital second, and then promote splits third.The calculation of ROI requires that you create a spreadsheet to track capital accounts. 

The splits, hurdles, waterfalls & so forth all depend on the deal and how the sponsor decides to structure it.

I just felt awful and told him I will “Pause” but I didn’t, I looked for another agent.From my first call with thebnew agent, she did tell me the market is crazy but we will find you a home you like and calmed me down.

You have to be calm, nice, know their name, and a slow talker.

As we all know people love to talk about themselves, so in exchange for my calm, clean ride they're happy to answer my questions I have for them. 

For me I start at 4 to 5 in the morning. because of all my east coast investments.. by 10am it calms down as they are at lunch. then I go the bank and notarize my deeds on properties I am selling that day and then wire out funds for the new buys that day.. then off I go for a quick bite then drive around Portland looking at my houses here I am building... and get home bout 3 ish then work out. and finally relax about 5.. pickup evening e mails and call it a day about 8pm  and I do this many times ( except for the banking part ) 7 days a week...