And while seller financing is a very common practice in business acquisition, the good deals are not being done with high levels of it.Particularly with smaller deals, and especially with a business like a laundromat, there are cash buyers out there.

When a deal does not, then the accusations fly.  

Hi @Bernice Dezelan,I’m sorry to hear about your first deal falling through.

If so- what would you rate your work effort (not afraid of work), and the time to close a first deal?

Incredibly poor business deal. 

They have a section on their website with multifamily deals for sale. https://www.greaterclevelandreia.com/PropertyList.aspx?

Each unit is on individual wall/window units and I know from experience those can be a pain to deal with too. 

Bad management can tank a deal just as fast as anything else.Did you fire the manager and work on finding new management?

When you mentioned pulling out $110k, that’s the perfect snapshot of how equity can turn into future deals without selling outright.So, if you were to rinse and repeat, would you still go for another rental thta’s already turnkey, or would you look for something you could add value to?

You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.