More money into the deal better equal a higher ARV or listing price. 

We both want to be equally involved in the rehab as a team - up until he receives his money back after the refinance.

My belief is that all this leads investors to take mediocre or poor deals, some of which will go bad in a deep 1980s type recession - should we ever see one again.  

Chad Littell from CoStar notes that while institutional investors adjusted their strategies early in response to rate hikes, individual investors have only recently begun scaling back.July Sales ReportAccording to CoStar’s July Commercial Repeat-Sale Indices (CCRSI), the equal-weighted U.S. composite index, tracking smaller market sales, showed only a 0.2% price increase from June, with prices down 0.7% year-over-year, marking the first annual decline since 2012.

On a 5% cap building, every extra dollar of NOI equals $20 in value, so you should squeeze out as much as you possible can.

But when you back into their math, NOI less debt service does not equal distributions.  

For every podcast or blog on Sub to I could show an equal number or greater of "slow and steady".

If equalize the playing field (again, TERIFFS) now jobs return to US.

So the basement ADU brings in plenty of revenue to make the upstairs owners mortgage liability equal to that of a small townhome. 

They pay rent through the day of termination, plus a penalty equal to one month of rent.