For a flip this size you will likely need at least 20 thousand on hand.

-This was too big of a leap to sign up for managing a property this size not knowing if I even liked managing short term rentals. - To the points above, property manager would be 25%, which would not make this deal profitable.

I have been building my portfolio for the past 3 years with a few on market and off market deals, but as I am scaling my business and portfolio I find it increasingly difficult to find deals particularly medium sized multi family 20-100 units.

I just learned this from Craig’s book, but those loans are particular about population size, I think 30-35k people, and Tucson has close to half a million.

Understanding your full role, how much of the property management you are doing, and the size will help narrow that down a bit.  

Should I continue to enjoy higher returns on the existing property (and grow portfolio slowly), or lower my margins but increase my portfolio size quickly?

Depending on lot size, specific location, mobile home age there might be something there.

Is there a minimum number of properties / portfolio size that a commercial or portfolio lender would like to see?

@Travis Harden It really depends on the location and size of the laundromat.

I had a different tenant several years ago that had burn marks ranging in size from a dime to a dinner plate!