What does it cost to buy a laundromat?

Its definitely a big cost/premium risk allocation discussion

Make sure your rehab is "renter" cost rehab. etc. 

I do not think it would cost too much to tone it down howeverI got a $10k quote (minus fees) from an interior decorator recently to redesign.

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

You could certainly reach this demographic, but it could also cost you substantially more than the return.For the money, your best bet is probably a dedicated website for your property with the key words that you want to convey.

It's definitely tricky because you want to be considerate and you are also running a business.

Those situations go bad more often than not, costing you money and the friendship.