Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

The oil industry calmed down quite a bit after 2014 when oil was going for $100/barrel then went way down.

calm down. 

Or you can go out and increase your business and spend that time on something that is either financially, emotionally or spiritually more profitable with the calm and peace of knowing that your taxes were completed properly.

If you are worried about a boiling pot of water falling off the right side and burning someone then you should definitely add something to prevent this. 

The asset management fee is paid before cash flows to the waterfall.#1 is more difficult to answer because the dirty secret in the syndication business is that asset management fees are almost always described as “1%” but the similarities stop there. 

We submitted a short sale package to his lender and they approved him for a FHA Waterfall modification with a 3 month trial period. 

Can you explain what BREIT's "promote fee via up preferred return and waterfall" means? 

@Peter StewartWhen I get a series of mishaps or tenants being IdIots and I’m frustrated ..I calm down and remind myself ” this is business ,thIs Is to be expected so how can I learn from this and move on “

Stay calm.