I was both frightened yet calm.

It's your job to identify it when it happens and learn how to handle the situation in a calm and professional manner.

Luckily things are calming a bit these days.  

My money investor shared with me that the terms of his last deal, below.  Could you please explain to me in layman's term what this means in detail and pro vs cons for me.  Are these terms typical?  Additionally, his ...

Some prefer to go with the waterfall, and some do pref's.

I mean you don't see Me with Oregon and Ca properties running adds in Cleveland for you folks to come buy my properties. but you see all sorts of these companies that advertise their properties out in the areas were the residences are much more investor centric than were you live.. but this started in 2000 or so I started funding out of state folks in 2002 and been doing it ever since.. however its tightening its finally got to the point were the recycle like you talk about has really calmed down.. as a whole the buyers are smarter and PM s do a better job.. and the investors have skin in the game so they did not walk from rentals like they did in 08 to 2010..  

We are past the deadline by a day to do so but seller and seller agent are calm, confident I'm doing the deal.

My imagination started running wild over weekend when my QI office is closed so I reached out to the BP community to help calm my nerves. 

Does anyone have experience building waterfall real estate models? 

My lender's reaction has been pretty calm.