There’s an ADU they are building across from the laundry mat on Odem Medo and I think the value on that permit for 800 square feet is $96,000 so maybe figure $120/square ft construction costs.

Property details:Zoned RH2(2) 2/2 residential units upstairs.Dry cleaners, salon + laundry mat down below. 3 story corner building @ 3300+ sqft sitting on a 1900+ sqft lot. 

@Mat Poole I doubt a lender would have an issue with using a HELOC to fund an investment property, as long as you have enough equity in your PR.

I am looking to get back in and am leaning towards Turn-Key because I am time strapped.  

For example you mat be as low as 2.5% fixed for 30 years, with no balloon as an individual, but I haven't seen any commercial loans with those terms, unless you're borrowing from your grandmother.2. 

Another great source on Youtube is Mark Kohler and Mat Sorensen at KKOS Lawyers and Accountants.

We also have a local investors group that @Mat O'Grady heads up that is a great resource of tried and true contractors.You should always budget capital expenditures and maintenance into the proforma for any purchase. 

This was a no-rush, boot-strap historic renovation mostly with reclaimed materials and a lot of help from my dad.

I've found that some people just REALLY like to go to the laundry mat that they have always gone to or they go to their parents house for free laundry, etc.  

Personally, I purchase properties in several states and never waste one minute looking at demographics until after I find a property that meets my numbers for my return on my investment.Almost every major city has war zones and properties I would not purchase for any price because I always envision myself strapped with an AR-15 when collecting my rent.