Even then he asked and I referred him to the addendum that had that statement.

Thank you all, sent a not to some references in the thread

Yes, the LPs are putting capital at risk, but GPs are putting their time at risk, and time cannot be repurchased.But as noted above, you are referring to the waterfall, which outlines exactly how the money will flow from the deal, and they can be structured in infinite ways.  

Could you please refer a property management firm that you work with and can vouch for? 

You refer clients that are best listed on the MLS and they refer clients that are best suited for cash buyers. 

I imaging when I reach the 50+ unit projects this will become more of a reality .....

Great way to make connections and see what is going on in that community.As far as maximizing BP to learn - set up your keyword alerts under settings and you can also par-take in several podcasts and educational references here as well that can be specific to your market.Don't be afraid to ask questions and always make sure to check references for anyone you add to your team - licensed and insured!!

Just for reference, this is a B+ family neighborhood a block from an elementary school.

Landlords that pull this crap are why I don't refer to myself as a landlord.Take them to task as Russell and Will suggest. 

@Lamont Marable "house hacking" is typically referring to under 4 units.Once you go above 5 units you need a commercial loan which typically needs 20-30% down.You could look into hard money or bridge loans which may let you buy and fix a multi-unit property and then refi once fixed, so the next out of pocket is not much but that would depend on the deal.