Credit is also going to hinder your ability to get a heloc, and lack of income for now. 

And oh I have heard that about the majority of people not actually practicing. 

Visit RestoreFMB.com for practical resources and tools that can be replicated in other communities to help LA through this process.No one rebuilds alone.

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.  

In short, the market defines a bedroom as well as other considerations listed above.As a practical matter a bedroom should probably have a closet since most buyers expect one, but techni- cally the International Residential Code does NOT mandate a bedroom to have a closet.

And while seller financing is a very common practice in business acquisition, the good deals are not being done with high levels of it.Particularly with smaller deals, and especially with a business like a laundromat, there are cash buyers out there.

I have seen REI Hub recommended on here, but I am unsure of their ability to work with local banks, so if anyone has any experience they can speak of that would be greatly appreciated.  

Not every real estate agent is an investor, and not every agent focuses on 1-4 unit properties, let alone has the ability to purchase them.

However, you need to evaluate the GP's ability to perform through their history.