Despite all of the noise and volatility in the stock market, positive job growth numbers came out yesterday which show the country is still creating jobs, trade talks are calming and inflation is under control. 

As well, have you ever heard of situations where the GP takes a 50% cut on the appreciation of the asset upon sale, instead of just sticking to the normal waterfall/promote structure?

market is calming down and that is a good thing in many areas.Like the average owner occ in vegas was having a real tough time buying a house getting beat out left and right by cash buyers etc etc.. so if sales slow a little the FHA buyer can jump in..

. $50/month is the difference of another 3-4% annual ROI, so it might become enough in this case to make it more worthwhile if I can get the loan down (especially since my waterfall calculations are at worst way too conservative, so things are possibly better than I project but unlikely to be worse). 

Calm down, blank your mind out, and find your self worth.Competitive market??

Needless to say there was a back and forth and I calmly said, I am paying and have paid for these items to be done right.

Any rule of thumb is going to be location specific, to calm those jitters, you need firmer facts.

I was talking to my banker in Hillsboro and asking them how the other builders are doing  and its slow across the board.. and I think what you seeing Is pricing finally starting to level off.. which will mean subs will have to quite jacking their prices and lumber will have to calm down or building is going to slow a lot .Now one thing that was floated at least in our area here is this was the first summer that many finally felt financially safe enough to go on that extended vacation that they had been putting off so foot traffic is way down.. and I know when I go to PDX I am usually parking on the very top floor :).. and airline tickets to Hawaii have doubled and tripled .. so we know demand is there. 

In other words, everyone agrees that access to running how water falls under the implied warranty.

Acquisition Fee - 1% Debt Arranger Fee - 1%Loan Guarantee Fee - $25k per guarantor Waterfall - 10% pref. and 80/20 above 10%Asset Management Fee - 2% of Gross RevProperty Management Fee - 4% of Gross RevConstruction Supervision Fee - 5% of construction spendExpense Reimbursement - Expenses billed to the property