Pasha Esfandiary, and ex ex-professional poker player gone MHP investor, dives into why mobile home parks are his favorite opportunity in real estate today. We get into the concept of asymmetric risk, a principle drawn from Pasha's poker background, which he applies to real estate to maximize returns while minimizing potential losses. The episode highlights how properly structured MHP deals may offer resilience during economic downturns and an attractive risk-reward profile. Stay to the end to learn about Pasha’s philosophy on American vs. European waterfall structures and how fund structures can better align LP & GP Interests.