Others are will express it as "GP owns 30% of the asset", which will align with their carried interest over the pref. 

Maybe 25 express interest. 5 may end up investing. 

I assumed there was more to it than what was expressed.

Plus, since 2013, the average annual rent growth and appreciation have been 8% and 10% respectively.In further discussions with this couple, they expressed their desire for both strong rental income and the tax benefits of investment real estate—advantages that are only available with properties in our target market segment.Additionally, their desired retirement home features and the characteristics of a good rental property were completely misaligned.

On one hand, the statement is the statement.They are expressing dissatisfaction with the manager, and they feel that way for a reason.On the other hand, tenant and manager are on opposite sides of a situation, so you'd expect bad tenants to dislike good managers, for doing their job.For the owner of a property that isn't self-managed, when complaints and issues come up between tenant and the hired manager the task at hand naturally starts with figuring out who's actually the problem in that arrangement. 

However, I bought mine for the expressed purpose of passive income in retirement, so your situation is a bit different.

I’m seeing a lot of goals being expressed as “200 doors”, or “ but $10million in real estate”, or worse yet “ create housing for the community”.Why would I want to own “200 doors”?  

The lease is a standard California agreement that allows for a month-to-month arrangement after the initial term ends.Here’s the situation: the tenant has expressed interest in extending their stay only through the end of October, rather than signing a new 12-month lease.

As I expressed on the phone and I have already spoken with Rick as well, I am confident that we have the inventory that meets your needs to build out your portfolio in a faster time frame.  

My father expressed some interest in BRRRR or flipping.