This is a common trend.My goals will inverse waterfall go be greater as I progress, but still being newer to this business my goal is for cash flow of $2 500/month.

From a high level, I will leave you with this so that you can judge if a model is something worth buying or maybe to go build out your own.rent roll tab - organizes unit mixes, sqft, shows ltl, max rent per unit mix, (this should flow into a clean layout)income statement tab- where you can drag and drop the t12, you will want to itemize in that tab the 200+ lines of data that will then flow into a clean p&ldashboard- where you input all assumptionssummary- show a snapshot of your proforma and high level data points of the dealmodel tab- breaks down monthly proformacomps tab- where you can quickly add data to reference where you think you can push rents tocapex tab- breaking down interiors and exteriorswaterfall tab- how your going to break down ownership on GP/LP. you will want to have this model prefs, prefs with waterfalls, straight splits, pref thats current and capped on backend, class A & B shares if your going to offer a combination of aboveI could write a book on what your model should or shouldn't do from ramp-up period in rents, to additional income delays, taking units off and back online, projected forward curves if you choose floating debt, prepayment projections on the back end, etc. 

@Markus Jackson Please reach out if you need any help underwriting the deals (financial analysis and JV equity waterfall).

It could be a straight split or a waterfall.

Stepping out into the bigger market and need to see the waterfall of expenses

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.

Payback of invested capital in full, then the waterfall distribution starts.2.

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.

Speak with your CPA about waterfall schedules.You would need to modify your operating agreement, but it may be preferable to 1099ing yourself for management, which would expose the management fees to SE tax...

We had to gave our equity partners second on the water fall with a 9% pref return and an additional 20% of the profit split.