I am not in the laundromat industry, so take my initial thoughts with a big grain of salt.  

I've been wanting to get some advice from people about my specific situation, but there's a lot so I'll try to keep it to the point;In short, I'm wanting to "officially" start my real estate investing journey, making it my source of income - and I'm wanting to do house flipping as my strategy, at least initially.  

He can initiate foreclosure proceedings.  

it sounds like you had some good initial capital in order to pay 25% of 92 units.

@Michael Daniel - I'm experimenting with a few "AI" generated sources/lists now and my initial perspective is that they're another source of deal flow, but not much better conversion than other areas including wholesalers, MLS, etc...

I've read a couple of Brandon Turner's books now and have been getting really into the mindset to start this journey.A couple major items I'm initially thinking of is where to start.

Initially I would become friends with several real estate agents that are familiar with the area you wish to invest in and who are also familiar with the ins and outs of a multi family property. 

I will initially be investing in the Decatur/Huntsville Alabama area. 

However, being two months behind adds urgency and risk, as initial rent payments may delay.

As for your initial questions:One lender I have spoken with stated that the DCSR loans are not regulated.