Any advice, tips, or examples of how you’ve handled this would be greatly appreciated!

When buying a laundromat, it’s crucial to evaluate the financials carefully.

Be careful of the snakes in the grass.

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

Syndications (but be careful here...I've seen syndications go bad as well), DSTs, Private Lending, etc.

Quote from @Jamie Banks: Here's a few things I include in my MTR lease- Utility caps- Outline of the furniture that is included- Details regarding which utilities are included- Outline who is responsible for lawn care / snow removal- List of fees (admin fee, cleaning fee, etc) Hi Jamie! 

The previous tenant was a slob and definitely didn't take care of the property.

Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

You don't need to design the townhomes; if you find a builder partner they'll take care of that part for you.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?