Alternatively, there is a fairly limited supply of people needing laundromats, hence the reason you don't see them everywhere.  

Quote from @Jose Laffitte: Hello All,I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs.

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

To be fair to them it had been a rental for 10 years and it took 3 inches of rain in 2 hours to fully expose the issue.

We don't accept letters from three years ago or some quack on the phone with a credit card reader.

It will also be more expensive than just looking into a line of credit with a local bank. 

Many thanks for any insights & guidance.TimThe only up front fees you should have are an appraisal and credit report.

As a fairly-newish-to-the-game investor around your age, I appreciate the candor.  

Credit agencies ding you for having a statement balance.

Same issue with a Registered Agent.Either method are fairly inexpensive and very easy to do yourself.