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Concealed carry is a Win Win.

I know cash flow can be challenging in Texas but if you are anywhere near break even it's a win as long as you're in a good area because values are only doing one thing over time in that DFW metro.

Ended off just simply putting a carpet over it.

A deal that produced a 25% net IRR to investors with a 1% acquisition fee, 1% asset management fee, simply pref + single tier waterfall, etc, may only produce a 15% net IRR under the current fee and carry structure, if their acq fee went to 3%, pref went down, they now have a GP catchup and multi-tier waterfall giving them higher splits for higher returns, etc.

We have made the decision to list the place for rent and then simply communicate the situation with the tenant. 

Thanks guys - my partner does the Brokerage and we were discussing how to address the commission - we are fine paying just debating how to handle the upfront question when the Buyers agent calls about the listing ...My thoughts were to simply state that Seller is fine paying a commission and put it in the offer - and he wants to offer the % upfront ... 

@Keri Win how much time do you think you'll have to invest to learn how to properly manage your rental?

They’re simply projecting their own incompetence onto you.

I gave him 3 different seller finance options along with other options of selling the property for him and after some discussions we found a win win.