We can let this market calm down before taking the next step. 

In joint ventures, I typically allocate 75-80% of the returns to equity and the rest to the active manager(s).Here's our typical setup:- LLC ownership is determined by equity- The LLC operating agreement includes a waterfall such as:* First, return of capital* Second, 80% by ownership (pro rata) and 20% to managers

This may calm things down a little and make the process go faster and a lot smoother.Of course, it's always a good idea to consult with an attorney, but the fastest and easiest way is to make the tenant delighted, and with cash, they could leave your property.

That helped calm my greed.

That said, I have many friends who are investors, restaurateurs, bar owners etc and have had great success in growing their restaurant, bar or investment portfolio by completing waterfall distribution models and attaining private lending. 

Explain your stance with a cool and calm demeanor when it is your turn.

I am completely calm, and know that making offers is what keeps my business growing, and it's nothing to be afraid of.

Only requirement really is that you make six on-time payments first -- so instead of multiplying the payment at the higher renovation interest rate by 360 and flipping out, multiply it by six and stay calm.

It even has a small waterfall in the back yard that the previous owner installed.

Fieldstone foundations with poorly maintained pointing - a super highway for rodents and a virtual waterfall for water intrusion.Mold/mildew as a result.Cedar post supports, which shrink a tiny bit per decade, but add up enough decades and your floors are out of level.Posts replaced with adjustable lally columns.