This includes if the property does not close.Your agent should be holding your hand through this process.  

Usually when I am in these situations Its me holding the money..

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.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

How long is the LP investor hold? 

Investment Info:Single-family residence buy & hold investment.

Does the same metric hold true for laundromats?

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

It appears to hold much year round potential with the right tactics and tools.

Holding properties in an LLC (or other legal entity) can offer valuable protection for your personal assets, so I understand why you went that route.