Hi everyone!AIM: I am looking to start a syndicate. NEED HELP: I am looking for assistance in lawyers and other experienced syndicate mangers to seek advice and some guidance. Purpose of the fund: To purchase old land...

I would advise anyone seriously considering buying a laundromat to bring in a technician to do due diligence with you.

4) How fast can you move if the agent brings you exactly what you are looking for?

I'd bring island out a little more. my advice is make sure all rooms are 110 sq ft minimum. some of these look super small. we build a very similar one in our market.

That said, be prepared to act fast on non REOs, or shell out a little more than usual and bring an inspector during tours.

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

The triplex is occupied and currently bringing in positive cash flow.

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

Bring on your stories and wisdom!

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.