Quote from @Andrea Wellman: Would like to invest in short term rentals to start and learn from this forum and experts.  

Adding bedrooms to both units sounds like a game-changer for rent potential. 

At that point I dont know investing would make any sense, I have heard scary stories I was thinking about short term rentals but that needs constant cleaning after guests and conpetition is very high my friend spent almost 200k out of pockets to buy a property for airbnb and he got 17 bookings per year....

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

A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals. 

Cash flow is a sucker's game.

The lot is flat and level, so we only need a short gravel driveway.

The closing kept being delayed and delayed and to make a long story short, after it was suppose to close and I could get no answers from Blue Gate or this agent.  

I have also have saved almost $50K so far to take a start in this game and also my personal credit score is above 750.I'd like someone to guide me purchasing my first property and want to kickstart with a small property first.

It was great to get our heads in the game, and got us to move quicker to get a house (since we were basically forced to get a pre-approved loan in order to tour houses...).