Thing is, they never yell TOO LOUD, just loudly enough to be a pain to the people in their immediate vicinity, and they don't play music or anything.  

How do you see this playing out?

Other Pertinent Information We do not have any properties in play.

Say if its 5k per pad and you know the demand is there and you will get a 30k equity gain upon filling, does it still work ?  

Yes, other factors do come into play with a first time investor though.

And while employees started buying properties beforehand, it was really mostly once it got closer to launch that the demand increased.

It may seem like demanding criteria, but I will not get into a deal to lose money, and I won't have the additional expense of property managers, I'll be self managing.

My take is that there's still a very important role they can play in the transaction, just maybe quite a bit different that it used to be, and certainly different roles for different types of buyers. 

We are obviously at the very beginning stages of all of this and there are a lot of things that we will be checking into with the city, insurance companies, paintball gear suppliers, etc, but the simplified version I see is:Initial planning and setup is very hands on butCan be managed with young/cheap labor once set up10 acres owner financed, only about 4 acres needed for paintball, 1 for their building5 acres available for other creative highest and best use scenariosProfit from paintball isn't really the point as we are continuing our business and other endeavorsIf the paintball field can pay for itself, pay for the land, and give us a few acres to play with in the meantime, is there a negative side I'm missing here?

   - 9% preferred is good, better than the standard 8%-60/40 split after 16% IRR is not good, there are deals with better splits- Generic value add play, invest in units....raise rents....sell at higher price due to increase NOI- I dont like the short 2 year hold but some would love it- I think the fees are high, but not unreasonable.