Any advice on some additional improvements that could be done to potentially fix this problem without having to buy a new water heater?

@Dan Brewer as I'm sure you're well aware, people aren't in this because they don't understand it.

Our primary goal is to retain as much equity in our properties as possible while leveraging outside capital to scale faster.Proposed Investment Structure:Investors contribute 30% of the purchase price and 30% of furnishing/rehab costs.Our LLC secures a new purchase loan in its name only, taking on 100% of the debt.This structure allows us to maintain 70% ownership of the property.Properties will be actively managed to maximize returns, likely achieving higher upside than long-term rentals.Proposed Compensation for Investors:6% preferred return annually.After the preferred return is met, profits are split 75/25 (with investors receiving 75% of profits on their portion of ownership).Profit Calculation:Revenue – Operating ExpensesExcludes mortgage principal & interest, as our LLC assumes full responsibility for the loan.Looking for Feedback:Is this structure fair and attractive to investors while ensuring long-term alignment? 

The information contained in this post is not to be relied upon.

This property is considered Agriculture or (AG).

I listen to the problem solving episodes for the same reasons I read forum posts.

Have you heard about this strategy before?

Following this thread as well.

(NOT AN ATTORNEY) and this is not legal advice.

"The Millionaire Real Estate Agent" by Gary Keller teaches the same thing and is a good read.