Definitely not what I would expect from someone who is a professional.

With some of my other heavy rehab CFO clients, they'd probably expect at least 30% on this type of deal.

Expected sale price?

Net sale - adjust cost basis = net gainAfter you know what your net gain is then you can figure out what your state and federal tax burden would be.

Even completely self-serve laundromats require daily cleaning and light maintenance.As far as time costs, expect to spend time each week troubleshooting equipment issues, routine maintenance, cleaning, and handling customer issues.

If you're not putting anything in, then I'd expect that your friend would want to get all of their capital back before you start splitting up the distributions.

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

Were revenues as high as you expected them to be?

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

How are you adapting your renovations to meet buyer expectations?