A hurdle rate or waterfall, is based on a refi or sale.

What is the fee structure and waterfall structure? 

Whether you’re losing sleep or receiving tenant complaints, it’s important to address the issue calmly and effectively.Here are a few steps that can help:- Talk to Your NeighborsStart with a respectful conversation.

Take note of the pair off fees and the waterfalls (a lot of times if you sell a few of the properties, they will payoff 110% or 120% of the loan amount per property so you get very little equity from the first few sales and then you have a ton of equity in the remaining properties). 

You can also structure compensation through a management fee, additional equity, or a tiered waterfall where splits shift after hitting certain return thresholds.

You have to think like a stoicWhatever happens, the market changes, your rate lock expires, the closing date past, your client is angry at you, you are not getting any updates from the lender, etc.. you have to remain calm.

@David Calme 

Everything by the book, legal contracts, waterfall preferred returns (even some starting at 12%)Yet, I’m still having a ton of trouble finding HNW individuals to invest even with it clearly being a solid private deal.

Not only do the colors make the photo pop, the pattern has a naturally calming effect on the mind and implies that your place is orderly in addition to being stylish! 

No complex waterfalls, just a straight 90/10 split.