One of these restrictions is a cap on how much income we can require (max 2 or 2.5 times rent depending on the rental rate).

For example college rentals generate some of the highest ROI of properties I come across in New Jersey but it depends on the school and location of property.

We see DSCRs coming in at or under conventional, but it does depend on LTV etc etc. 

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

@Kevin Collins well I apologize if it comes off condescending, it is difficult to translate 'tone' in a forum but at the end of the day you are in a forum seeking out advice...

I think it may depend on whether or not their software catches the change.

It depends on what stake you offer in the property. 

Not USD dependent, provides diversification.I have stated many times I like nasty properties or situations.  

@Chris Clothier well saidthe answer is almost always "it depends"is your LP an opportunist or not, what's their risk profile, what returns are they looking for?

Short answer: Yes, laundromats can be profitable, but profitability depends on a few factors.