Today you can get funding for a good deal without an issue, so the business model is kind of obsolete.I used to buy BRRRR deals, but over the last years, we switched to buying homes that are in move-in ready condition.

Normally when a  property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.

The cost to buy a laundromat can vary widely depending on the size, location, condition of the equipment, and goodwill.

Although the rent was slightly higher than the market rate, restoring the property to livable condition after just one year cost over $15,000.The property isn't listed on major platforms.This is concerning.

Personally, if your market tends toward the former condition (better/normal appreciation) I think it's a fairly safe deal looking at the long term, assuming infrastructure around you continues to support the idea of renting it.

However, we are able to offer this type of financing internally with our own funds on a case-by-case basis, taking into account the borrower’s profile, the property’s condition, and the scope of work.

With markets adapting to changing economic conditions, now is the time to explore innovative investment strategies.

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.