You should also hire a consultant to help market your track record, develop a fund model, handle investor relations, waterfall calculations, etc.

I chose and chose a quiet and calm person who would sit quietly and quietly on his hand.

I've been reading about the "Waterfall Framework" for establishing equity between people working together in real estate acquiring businesses.

I suspect it's more likely that, like most crises, eventually things calm down and cooler heads prevail, meaning that the EU/UK will not continue to implode for years to come.

in our leases we place a payment waterfall schedule.  

Hi @Harmony MatsonIf you're interested in learning more about real estate, I have a pdf that goes in depth about the laws, mortgages, important time value metric, development, commercial, single family, waterfall topics as well as reits and so much more. 

Be calm when dealing with the bureaucratic red tape of the housing authority; make a phone call to figure out the next step when you are going through the process, when you get sent to voicemail, leave a message; when you don't hear a reply a day later, send an email; when you don't get a reply from your email two days later, drive to the Section 8 office and politely figure out what the next steps are.

And have "skin in the game" and not take large upfront fees and large carried interest/waterfalls/etc...and not just close it successfully (which many people can do) but actually meet or exceed their projected returns and feel confident that they can do it???  

Keep a calm cool demeanor and level head .

MI is the gold standard.and for pure passive being the bank in performing first trust deeds is about as good of mail box money as you can get.As the herd floods to rentals.. being the bank is looking more attractive for those wishing to let this uber hot market calm a tad.