Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management. 

We also manage long term rentals for a lot of our out of state clients.

What level of experience does an investor need in order to raise $250k or $1M?

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

You're at the net worth level now where detailed investment and tax analysis can have large impacts to your overall ability to retire and spend. 

Now that I have fired him, he is insisting that he keeps it when by that logic, it should be passed along to my new property management.

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.

That’s a whole other level of having to monitor the news, which I think is much more of a challenge. 

Do you want to manage the STR or LTR yourself or are you open to other options like out of state investing? 

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.