In a waterfall, the GP is incentivized to stay the course, gambling the LPs equity, because the GP only makes money above 7%. 

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.

Simple appreciation is a gamble because you have no control over it, so don't consider it.

People have failed twice now with the housing bubble and the recent meteoric increase in rates because they were gambling with the rates to save a percentage point.  

I can understand the cross border payment advantage, 7% vs zero% fee, the rest I am not upto speed. 

I definitely recommend taking a look at those first (You can google "Mais Habitação" to get started).In terms of contacts that are investor friendly:* Ivo Sousa from Remax (in Madeira)* Rui Magalhaes from DMA Tax Accountants (in Cascais but with experience in cross-border tax affairs, great work ethic and a solid command of English)These folks aren't on the forum but can be found easily through Google.In terms of STR data: AirDNA is a good starting point 🙂

I talked to 2 smaller syndications, both were seeking investors in apartment buildings, one was in Michigan near the Indiana border.

I seem to recall a prior post where you mentioned Grand as your southern border, so what's your western border?

Depending on the zip code I was wondering could I gamble with them on a fix and flip or brrr.

Should I gamble on this or look into how to file a class action lawsuit against the State of California and the Judicial Council?