Once obtaining the license you get your money back from those who will sponsor your schooling after 1st transaction.

DSTs are limited to accredited investors, more control in the hands of the sponsor and are generally larger deals with many more investors.That's the cheap seat tour. 

I am not the expert that others are but my thoughts- young sponsor never been through a downturn.   

I understand that there is a premium the sponsor is entitled to and therefore they deserve an oversized chunk of the pie, but I thought given the amount of our equity contribution, our cash flow split should be at least 35-40% for us.

I understand that there is a premium the sponsor is entitled to and therefore they deserve an oversized chunk of the pie, but I thought given the amount of our equity contribution, our cash flow split should be at least 35-40%.

That new vehicle is likely to be a passive, LP position with a very strong sponsor / operator relationship I have where his money could be pulled out or reinvested after 24 months and would achieve roughly a 10% cash on cash return payable in quarterly distributions.

Bob hit nail on head - I see a lot more investors working with newer investors on a “learn and earn” type deal where the investor gets to be a larger part of the deal with the sponsor on the actual process

Typically the sponsor (you) still pay a preferred return to the investor and then if property makes more it evens out (called waterfall).

When they do, they do so into an investment they trust, and especially in the case of real estate syndicates, with investment sponsors that they trust. 

I've used Hammertone paints on old rusty baseboard units to good effect, the copper looks particularly nice.A friend has spent considerable effort getting steam radiator covers because the condo sponsor's contractors pitched the 80 year old originals.