Have you approached the current owner of the car washes to see how much they want in a sale?

However, with careful planning and a proactive approach, you can navigate these hurdles successfully.

- This approach should be fine. 

I liked his perspective, his approach to investing and his “voice”.

My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

While I’m still in the early stages, I’m incredibly motivated to learn, grow, and surround myself with like-minded individuals who can help guide me along the way.What drew me to real estate is that I saw it as the best route for me and family to have financial freedom.

I’d love to hear your thoughts on whether this approach makes sense or if there are other strategies you’d recommend to optimize profitability.Thanks in advance for your advice! 

The numbers may be 30-40% lower than today's cost, but the process/approach to estimating may be good for you to review.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.