That's doubly true in a market like Houston, where the higher positions are FAR over priced for the subsequent performance increase they give (you can think of this like stock prices - a stock can be for a great company, but can still get far overpriced relative to it's actual value).Anyway, not to bore you with nerdy stuff.

There are other structures where splits shift to 100% to sponsor after the pref to catch the sponsor up before the subsequent waterfall tiers and probably a thousand other structural nuances but a lot of that stuff is just either ridiculous, disingenuous, or downright designed to be confusing so that the investors can't possibly figure out how much the sponsor is getting.

Without getting too political, and to keep it brief, I do not think the bill will make it out of the subsequent committees.  

They'd remove of all the tenants stuff 'carefully stacked on the front porch' regardless of the weather, with a subsequent lock change. 

Try Allison DiSarro at Enterprise Bank & Trust. 

How do you finance subsequent properties when the bank takes into consideration the borrower's "DTI" ratio?

@Mordchai Lunger   one of the biggest  fallacies  is that RIA's are non profit they are a for profit enterprise just like any guru or educator.. you have to pay dues. and here they are doing nothing more than a guru spin.I would want to talk to those that paid the dough and they actually funded deals for and not just a few.I personally do all my deals in  a JV format just like this only I usually don't take 50% I usually take less.. and I never charge up front..

That doesn’t mean it won’t go UP in subsequent years, but it’s good to start with the current rate vs. a higher premium for a brand new policy. * DISCLAIMER: I am NOT an insurance professional - just a professional who’s been asking a lot of insurance questions lately.

We subsequently follow up after each of their responses with another written request for the status of the review.

I have $75K in cash available and am researching where that can create return for subsequent purchases.