I love my couple of rentals for sure and will love them even more in 20 years which is when their fruits will be producing.

Why is he now entitled to fruits of my labor, my knowledge and education?

Seems like consulting with a LOCAL lawyer about what YOU should do would be prudent.If it's on our mind too much, (you can only do so much) go do something to lessen your stress, Golf driving range, batting cage, walk in the park, make a mixed drink with some fruit on it, etc..Good Luck!

But it can be worth it if there's low-hanging fruit in the market you're considering.

I used to manage them when I was learning, and I understand people who want to learn, but juice just isn’t worth the squeeze to me. 

On $15M don't be surprised if your capital partners to cut that down to .5%-1%; 1.25-1.5% if they are feeling generous or the deal has a lot of juice. 

But ask, what's tied at the hip to those in CRE of "power" but, without that "juice" to get bailed out?

When you are forming all sorts of small partnerships with no real "corporate" backing and pooled asset base to provide security for the counterparty, typically you can't get a swap.right so one of this big group that brought swap is making huge win when rate is going up, i would not reveal their name, you are right it's not for everyone juice. but for us small LP, investing to those big group and the small newbie sndication, is just about the same.for swap, i read in pensford website and they are really sophisticated, leant tons about interest rate.

Fruit-cake maybe, wack-job sure, but the psyco is a smart psyco. 

Yes, over 2yrs, because these fruit-cakes keep coming on here saying the market is just about to crash from any little anything they feel month to month.