I am staying surprisingly calm considering how crazy it is that this is happening.

you may want to talk to some of the crowdfunding sites.. your experience and financial position will be important .In my mind if your doing your first deals you need to give the money much more return than what you want to subsequently end up with.. why because you need experience and you need deals to show others that you have done deals.remember 8% pre with a waterfall there are literally 100's of very established syndicators that will do this .you offer substantially more and the investors many times will take the risk adjusted return and go with you as you start out.

A decent IRR is not possible without a strong back-end waterfall to the investor, therefore you are not getting anyone aggressive without giving away substantive equity one way or the other.

Perhaps do what I did and say you don't tolerate that sort of behavior in your home, or perhaps just say "we'll talk it over when you calm down."

Then on March 19, 2008, the federal government announced that it was easing those restrictions in an effort to calm the turmoil afflicting the mortgage markets.

Some properties I've walked through, had a waterfall from the roof coming into each unit !

Your post really hit home and calmed me down a little.

And you have familiar territory to help calm the butterflies.Good luck!

I calmly asked how did that happen; she said interest only loan and I never bothered to refi to get into a fixed.

The Property: San Diego, 1.5 miles from Ocean Beach, established neighborhood. 3bed/3bath with detached casita income property, ~3900 square feet on 9,000 square foot lot, waterfall and pool as central feature inside primary residence, very high end finishes and priced at 1.45M, almost $200-300 less per square foot than any near comps.