If your tenant hasn’t paid the full first month’s rent, the best thing to do is address it quickly but calmly.

Mayan ruin, ziplines, butterfly farms, Francis Ford Coppola resort, 1,000 foot waterfall, etc etc; this road will really develop over the years.

Whether it’s problem-solving on the fly, handling difficult conversations, or simply staying calm in the chaos, these experiences are shaping me into a better landlord—and, hopefully, a better person.Real estate isn’t just about turning a profit.

A lot has calmed down lately, it seems.I agree that Cape Coral still presents a large potential for upside in the long-term! 

If your having fun they can be calm. 

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 actual benefit of syndication is only if there are special event where sponsor is so smart they can make 30 percent IRR in industrial space , but for multifamily no such thing exist ..also with common waterfall these days most risks are taken by LP investor while GP reaps the most benefit.The actual benefit of syndication is we make GP very rich lol

Last point, you also need to know how the presented track record aligns with current fees and waterfall.  

At the same time, I believe it’s important that we approach this situation calmly and constructively, as we both share the goal of resolving it efficiently and fairly.I did find your email to be pushing and impatient, which I didn’t appreciate.

The mortgage I have in place has a waterfall prepayment penalty, so 5% penalty in the first year, 4% in the second year, 3%…and so forth.