My due diligence process was certainly tightened up after that deal and analyzing properties and understanding what things will cost is now 2nd nature to me. 

Then they are changing the nature of investment by investing in sometime called Mission 10k. 

The contract says - RESIDENT shall be responsible for disposing of items of such size and nature as are not normally acceptable by the garbage hauler.2.

Electric and natural gas service may not be discontinued while you are in possession of your unit.

The key factor is the amount paid and the nature of the payment, not the payment method.

SBA loans can also be used to acquire laundromats, but it can be tough for a few reasons, some of which apply to smaller size businesses in general.1) Cash nature of the business - This is changing over time as more mats are gaining card systems, but there are still mats out there that only take cash.

I think comparing to the two-- syndications vs index funds-- is too difficult because of the nature of the specific RE under the syndication versus the broad economy(global and domestic) the index funds capture.

Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.

I have a similar perspective, as I am right on your heels with the same decision, so I'm naturally inspired. 

The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.