The ice comes from both the snow on the ground, but also as the roof melts, its water falls to the ground and freezes as the temperatures drop at night.

Also pools are a big liability with rentals, especially one like that with all kinds of dangerous potential jumping places (roof, top of waterfall, slide stairs, etc.)

The SF purchaser can beat this LP guy easily.But if you are GP to the same deals than in theory your return is 10 more than LP, than in this case your return is way higher due to pref/split/waterfall/etc/etc ....Here's some data, this is adjusted return benchmark for Apartment for last two years.

You can visit lava flows, lava caves, waterfalls, and natural springs.

When you get into waterfalls and all these exotic type structures 2 things can happen.1.

Here is the way it is currently set up:Partner 1 - $100KPartner 2 - $100KPartner 3 - $100KPartner 4 - $100KPartner 5 - $100K*However, the managing company/partner of the fund will own 20% to compensate for the ongoing management of the LLC and the property.I have seen waterfall models where there is a "return on capital" and "return of capital" where the investor is paid a preferred return on their current outstanding amount of capital that has not yet been returned.

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.

I didn’t charge any syndication fees or even asset management fee, and I didn’t do a water fall, just did an equal split.

Use a Call Center or Voicemail Service to answer the incoming calls, you could "waterfall" the incoming calls to your personal cell but the risk is not having the script in front of you ready to go.

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.