For the ones who did get everything together themselves to file came to us shortly after talking about how horrible of an experience it was and how they would never do it themselves again (lots of wasted time that took them away from making money).

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

Problem: Set & Forget - Most people know the importance of an accountability partner when it comes to goal setting.

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

Management fees are steep, you're competing w/ bigger operators as well as mom & pop places - it's hard to get the personalized care needed, in my opinion, to be successful. 

I have had a couple of long term tenants who struggled to pay rent on time but always paid and took good care of the property so I worked with them. 

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.

@John Brown Running a short-term rental (STR) on a subleased property, often called rental arbitrage, is feasible but requires careful planning.

And now with rates being high, plus many areas overbuilt with new apartment buildings, I’d be careful with unknown areas, and also what you read in the media about “hot” areas, up and comers, etc.I was in a similar situation to yours a couple years ago.

Unfortunately due to the entirety of an agents pay being earned by commission (in most cases, with the exception of a very few agencies with different pay structures), sometimes agents work for free and other times they get a big paycheck.