With a few less buyers and more inventory it’s calmed a bit.

We turned a LTR into an STR and the rents 3x the fair market rents.Good luck with it - stay calm, i know it can be a little unnerving at times. lolKyle

no fluff, no waterfalls.

I questioned it, but don't know enough about them to calm my nerves.

Hey guys, I work with Trent and we are trying to model what the returns would look like if we sold at a certain price.The waterfall from our PPM is:Cash FlowActions TierTemplateDescription1Preferred Return7% Annual Preferred Return to contributing members2Split80% Upside to Class A and 20% Upside to Class B thereafterCapital EventActions TierTemplateDescription1Return of CapitalReturn of Capital to contributing members2Catch Up7% Catch Up to Class B3Split80% Upside to Class B and 20% Upside to Class A up to 20% IRR for the Investment overall4Split50% Upside to Class A and 50% Upside to Class B thereafterAttached are all the cashflows for the deal. 

I eventually calmed down and went to sleep.

You need to be intelligent calm collected think 10 steps ahead.Will door knocking give you continuous leads?

There have been people renting after selling waiting for prices to calm and rates to decrease.

Had to change the locks so the vagabonds that came and went from the property knew it was time to move on, I put my phone number in the window and let the property calm down a bit before the renovation. 

Calm down.