., but this is new to me and I’m trying to remain calm as the PM seems to think this will work itself out.

Purchase price: $340,000 Cash invested: $40,000SUMMERLIN SOUTH SINGLE STORY 4 BDRM WITH A BEAUTIFUL WATERFALL/POOL.

Might want a waterfall schedule in there for the capital partner. 

Very few people want to take a financial risk when the economy is shaky, but when the seas are calm, people believe that it will be smooth sailing forever and that their risky investment strategies will work out just fine.  

This helped calm my fears about out of state investing.

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.

Maybe a special allocation via a waterfall allocation schedule if this rises to the level of a partnership. 

So when I sense they're getting emotional or after they think they're an attorney because they spent 60 seconds on Google, I will call them up to calm them down and smooth things over.I have gotten angry once or twice via text and as soon as I sent the message I have told myself, okay I need to jump on the phone with this person.Keep in mind tone can be interpreted in many different ways when you're just reading it and not hearing it. 

I also dont find any improvement in terms on the fees asssessed or on the waterfall promote on the backend?

We replaced the deck, floors, popcorn, doors, kitchen and baths, added curb appeal natural light and a waterfall.