I know the real answer to your question is much more complicated than this, but hopefully this explanation helps:When you pay down the loan balance of your property faster than the loan term, this saves you a lot of loan interest payments. 

I just need a simple explanation and some examples of exit strategies so I can get an idea of what investors are talking about when they say "You GOOOTTA have your exit strategies."

Here's an excellent explanation of how they work:https://eig.org/wp-content/uploads/2018/01/Tax-Ben...As well as a map with all of the qualified zones in CA:http://dof.ca.gov/Forecasting/Demographics/opportu...

Money goes into your pockets then, so it's a positive cash flow.That's the explanation of Column B.Next, we need to know all the cash flows for all the years you held the investment, which is the next 5 years.During that time, you received the cash flows as according to Column C.We then total up all the Cash Flows in Column D.NOW, we are ready to do the IRR Formula!

Check out Peter Harris at commercialpropertyadvisors.comHe has a very good explanation on MLOs

If the seller showed the affordability to be approved for a mod, the servicer may want proof that those modified payments can not be made (further hardship explanation).

Your explanation makes complete sense re BREIT promote fee, as well as Fundrise's strategy being clear.I have a note out to Streitwise re their current investments - all I saw in their prospectus was 1.  

@Bernard Reisz thank you for explanation!

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/estoppel-certificate/Some have a lot of legal jargon but this document does not need to be so detailed.

@Hadar Orkibi thank you so much for the example and explanation!