I’m excited to share a bit about my experience purchasing and operating a laundromat.

Based on my 20+ years of real estate experience, I’d say renting the condo might not be the best option—$2,000/month rent minus $800 in condo fees leaves you with just $1,200 before taxes and maintenance, and seniors' condos can be tricky to rent.

That's all I'm trying to provide here - my experience with it and proof that it works.

So I missed out on taking a year off with my wife and kids and just fully enjoying the time we could experience together. 

- In our opinion/experience, it's important for an OOS investor to understand the "lay of the land".

Pick one that is improving, homes being renovated and flipped, vacant storefronts being turned into cool coffee shops etc.Good luck.

I'm happy to share my experience as both a flipper and a lender.

Paulette,Thanks for sharing that awful experience. 

If you are moving from your SFR to another property, then you should be able to get a 5% down loan or even 3% if it's FHA.  25% is only if you won't be living in the property in my experience.

I'm wondering what people's best experiences with low flow are, reliability, durability, best brands, savings seen, and if I should avoid the extreme low gpf toilets for water savings (0.6-0.8 gpf).