One way to save on the negative carry is to delay the purchase until the very end of permitting.

Additionally, they may include a carried interest or promote structure on the back end, which serves as an incentive or commission if they exceed performance expectations.Limited partners (LPs), on the other hand, simply invest capital and remain on the sidelines.

So, carrying on here... 

The lease already spells out the property owner's responsibilities regarding who is responsible for the repair of certain items like the fridge and AC. 

Through observing what many of these out of state or passive real estate investors (your most likely client base)  prioritize in these forums two items that jump out are avoidance of major capex repairs and asset protection.

They are pushed into future years or, in IRS jargon, carried forward.

Look at a harder type of removal… not sure what that would look like but I’m sure would require an attorney - but suspect I may have some options given I live on the property and I’m uncomfortable with house guests + other issuesI take ownership for some of this because I let a few items slip trying to be accommodating.

-----Note: Most of these items correspond with terms in our rental agreement and property rules.

There are too many D/D items to go into here but you can always start with the Texas Real Estate Commission website and search for prior actions taken by TREC against your current or future brokerage.

If the seller can offer a 15% Seller carry in 2nd position, this is doable.Happy to connect!