Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

You will want to know about financial analysis, how returns work, waterfalls, legal documents, liability protection, possibly 1031s, tax issues, SEC compliance and securities laws, proper reporting, forecasting, budgeting, property maintenance, etc.

Where modeling can get a little more difficult is when you are calculating for different waterfalls.

Also I love Tennessee it has so many waterfalls :) My budget is below 150k, I am looking for SFH and duplexes. 1.

I didn’t charge any syndication fees or even asset management fee, and I didn’t do a water fall, just did an equal split.

Want to avoid potential pitfalls in the overall journey before you even get started.2 - love the idea of water falling all your profits and cash flow into future purchases and down payments.  

The blue glass waterfall system is from HD promo buy.

And if you do buy the most expensive one you can find with the radio and waterfalls and LED lights and all that stupid crap to entertain the guests. 

My money investor shared with me that the terms of his last deal, below.  Could you please explain to me in layman's term what this means in detail and pro vs cons for me.  Are these terms typical?  Additionally, his ...

Some prefer to go with the waterfall, and some do pref's.