Whether it's buying the first property, remodeling, renting, or selling it slows you down and eliminates impulse decisions. 

However, many times its just not practical or cost effective to put the work into it because in many cases its not easy to do.

You should contact a company in your area to convert the coin-op laundry to e-payments (Venmo, Paypal, Credit Card, Debit Card, etc.) to eliminate that fee. 

(Buying great deals and managing those deals effectively).

How will this effect their clients, like @Tyler Jahnke?

This eliminates half the risk!

Do you recommend using a general contractor, or would it be more cost-effective to handle it myself with subcontractors?

With inventory tightening and competition increasing, what strategies have been most effective for sourcing truly undervalued properties?

However, this strategy doesn’t eliminate the need to budget for repairs and capital expenditures (CapEx).You’re right that without cash flow, unexpected expenses like emergencies or major repairs can be risky.

You will have to do something unique to make it effective & useful to you... because it's always no pain, no gain!