No gutters on the roof and water falls directly onto foundation. 

Gourmet chef's kitchen with sleek cabinets, state of the art appliances and waterfall island.

Remodeled kitchen has white shaker cabinets, stainless appliances, large island with premium waterfall counters.

If you are looking to be a Real Estate Investor the best way to get a water fall full of advice and someone’s time is to use them as an agent, use their property management services, their 1031 program, or whatever business they are running.Their agenda is to continually build their business.

This will inevitably cause a waterfall effect and the entire market will suffer. 

Does anyone have any complex waterfall models, when you use leverage to increase your cash-on-cash returns? 

That investors will soon be swimming in profit@Scott Trench  You are a waterfall of puns

Terms can get far more complicated with waterfalls and hurdles as deals get bigger and more complicated.Most equity investors will want to keep their equity on a refinance.This is really a conversation to have with your investors to see what works for them.

@Preston Gealy I recommend you become very familiar with waterfall structure, hurdle rate, IRR on financial side but also financing and management side as well.

Of course it helps to have general return thresholds you are targeting, which includes knowing what your fees and waterfall looks like.