People realize they are not going to get 1/3 of value whether it takes a month or a year because of holding and closing costs.

Some rentals just aren’t worth the hassle to hold on to.

In either case there is either no loan to purchase or a short term loan that could not be used to hold the property long term.

Does the same metric hold true for laundromats?

If you're investing in real estate, ask yourself can you hold this a minimum of 8 years, ideally 12, optimally north of 20?

FHA might be a good first step if you're strapped for cash.How long do you plan to hold the property?

I question the underwriting that shows this to be worth holding.  

My property holding LLC would ideally own the land/houses and manage the rentals once completed.When they are complete, I will have about $375K in each build and they should appraise around $675k each.

The property seems to still be holding strong.  750k sq ft of retail space in suburban Cleveland, OH.  

You can probably hold out for the right renter but you might be waiting a couple months.