its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns . 

Some of the moves you made are of the logic gamblers use when they're down at a table. 

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

The shameless self promoters are gamblers, narcissistic, and constantly chasing the next money making scheme.

This market is best suitable for a gambler in my opinion

Originally posted by @Jacob Sampson:I am an investor not a gambler. 

Gamblers remorse.... 

But each transaction is a roll of the dice, and as any gambler knows if you continually “double down” it’s just a matter of time before you lose your “stake”. 

The psychology of previous investment kills both investors and gamblers.

Most over leveraged owners are like addicted gamblers, they don't believe they have a problem (over leveraged) until the market turns and they go broke/bankrupt.