What's more is important is detailing in the Operating Agreement the roles and responsibilities of each partner as well as the voting rights to ensure all terms are spelled out ahead of time!

I'm going to sit down and be more clear as to what his job and title and role will be as you both stated. 

Remember, military member must have PCS orders or orders to deploy to exercise this privilege.

Also, your macro environment and what market in will play a big role in answering this.

Unfortunately, in student housing, you often have to play the role of "parent" as well as "roommate mediator."

Our role in contributing to a healthy society differs from our role as investors.

The way to "avoid" it is to assign some sort of role to all investors.

Look into GABA and the role of has on your brain and "shutting down" at the end of the day.

But the only way to know for sure is to model it because the structure of the subsequent tiers matters and so does the timing of the cash flows, etc.I'm not convinced that going through the exercise of modeling alternative structures is worth the effort--if the sponsor isn't offering the other structure how does it benefit you to model it out? 

My role is the Developer.