Staying in a higher elevation that is not near water or a water-way would be a plus even if it looks calm right now.Good luck to you!

Everything works like a waterfall in this business.

Generically, the waterfall of the fund is Manager Fee then Investor Distribution then Equitable Splits.

In the equity waterfall, I recently learned that the preferred return is distributed based on the amount of capital invested in the deal.Then, as the capital is paid back, the preferred return is adjusted to the amount still invested in the deal.

@Peter MacKercher  The owner has been aware the whole time, and has signed the addendum as well.I have manged student housing a for 8 years and have never had to evict anyone, usually we can calm things down to be bearable, but I have never had to deal with safety concerns like this and am wondering if this can be an immediate terms for eviction.

A few tools, a calm head, a beer . . . . it's all good.

Super chill confident and calm.

I was thankful to have another guy there with me, because once he came out of the kitchen and saw there were two of us it calmed him down a bit.He knew it was no longer his house because it wasn't too long that he then switched gears and began telling me how he got screwed on the house, first by the bank when he purchased, then the fire (which he started by having the grill to close to the house), which then caused him to get screwed by the insurance company, and finally got screwed by the contractor that did the work post fire which wrapped his "woe is me" story up nicely.  

Like of like the Ob-Gyn and his nurse.Explain the facts, calmly, just as you did here.

I usually put a waterfall into place that allows for a more favorable split once certain returns are made for the investor.