And a good property manager will take care of day to day, but you will still have work to do.

When buying a laundromat, it’s crucial to evaluate the financials carefully.

If you can arrange a visit to see how the tenant is taking care of their current place, that will open your eyes as well.

They wouldn't have any skin in the game and could just walk away and leave you high and dry if things go wrong with the property.

If the numbers make sense, which usually equates to 10% or better cash on cash and roughly 1% rent to price ratio in an area that has appreciated well recently, I don't care how far I'm away from that market, I try to buy there.

Their system will kick out info, so be careful and verify what you see on there. 

be careful..

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

If you can solve the problem, you can get the house for less than everyone else who doesn't care about the person.3.

It’s important to terminate the agreement carefully to avoid legal disputes.