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.

It seemed a natural fit for me since I always wanted to be a businessman but still had a 9 to 5.

This will give you a clear idea of what the house might be missing, and or need and gives you time to make those changes/additions before your first group.Another tip: I think it is natural for bigger properties to have more vacancies during the week/slow season.

Louis/OKC/Little Rock to DFW/HOU.

Hiren, I've personally been focused on the northern MSA markets of Round Rock, Georgetown, Cedar Park, Leander.

Without knowing the nature of your partnerships it’s tough to say specifically.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

Given your focus on equity and scaling for future development, targeting properties where you can force appreciation through value add renovations seems like a natural fit.

To date, I have a small portfolio in the Rock County area.

If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)