I’m in the process of evaluating the purchase of a laundromat and looking to engage with some folks to ask some questions. 

It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

Wholesalers drag out the process if you go with a bad one. they are not buying the house. they only want your signature.

I have not had an issue with the claw back scenario and if I did I would IMMEDIATELY begin the eviction process which I would then pursue relentlessly.But alas, some tenants use this trick after they have vacated your property. 

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.

Quote from @Andres Lasaga: I am in the process of selling a property to the tenant I have been renting the house for 4 years.I want to outsource the promissory note collections and reportsIt would be only ONE property, for now, any recommendation of a company that can manage the collections and reporting?

Some banks even offer features that allow account holders to manage individual tenant information within one account, making the process more convenient.

I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.

There is no way to really get an adequate perspective because there will always be a very wide variance of thought processes.