Do you prioritize an agent with a calming personality who is better at explaining what is going on to your spouse more when looking at personal residences?

Keep calm.

Each house is a $1M, near waterfalls...a true getaway-and-stay. 

A hurdle rate or waterfall, is based on a refi or sale.

Two members will be the managing members and also providing capital, and one member will strictly be providing capital.We would like to put a waterfall structure in place for any money distributions, including preferential return on cash yield, and an IRR hurdle for liquidity events, etc. and we would like all this to be clearly spelled out in the operating agreement. 

You need to calm down.

He magically called a minute later and told me that it’s been years since the install and to not contact him again.I’m surprisingly calm about the situation (unlike me), and am considering letting it go, however, I feel like he’d be getting away with being a crappy businessman.I’m considering suing him, and would like your thoughts, because it has been a while since the installation, however, but for his negligence in leaving a nail behind, it wouldn’t have came up from the floor.Thoughts appreciated.

For the GP waterfall we carver out the 30% share with 15% of that for the KP role which is negotiable. 

Wondering where I can begin to learn different deal structuring (waterfall, hurdles, equity splits, etc) and how to apply it to underwriting for what ever template you're using?

There are hurdles to be made before they make any significant returns, an waterfall structures, as well.