Any other seasoned investors have perspectives on DP2 vs DP3.

Perhaps from a real estate investor perspective, they may want to pick up tools that note investors use to help them gain more insight into the properties and borrowers they’re engaged with.

This is often more useful from a sponsors perspective since there is no pref being accrued and the splits are based on the eventual disposition or other capital event.

You really gave me a different perspective.

That puts a lot of things into perspective.

@Greg Dickerson, @Jay Hinrichs, and @Mike Dymski, thanks for all the great feedback here, I really appreciate your perspectives! 

Property Management is a rough, tough & savage business.To put everything in perspective for you I've gone ahead and attached some stuff that I regularly encounter running my portfolio.

I was a union carpenter and enjoy the remodeling process, so I do like fixing places up, but this one is appealing because it seems like I can get it with the almost guaruntee of excellent cash flow in like, 5 years, with zero work and then I have time to do a more involved reno with my other cash (plus my zero interest business card that's still got about a year on it).I'm trying to look at it from a 10 years from now perspective though.

They just can't get perspective on what renting in a B grade multi-family means and obviously the husband has anger issues.

(We'd like to have 15-20 properties eventually)I'd love to hear more perspectives on this!