We want to demolish the whole thing, buy out a car wash next to our property and build a new multi-family residential property.I am totally new to this, some team members have some knowledge however, I would like to ask you guys, if you can give me some insight on the situation.What should I search for - permits and etc.Any kind of advise is appreciated.Tatiana.

And since most investors don't mess with them there is very little to no competition.You can do them in all states except Hawaii and Wash DC (building code restrictions).Hope that helps.

Anyone have any experience with car washes?

This is far from my first real estate deal-not only was he taking them for idiots, he attempted it with me.  

So we had to power wash it.

So once I determined that the actual dollar savings were minimal, or even a wash, I just decided to go with the realtor lady.She sold it $15K over our ARV. 

Obviously, the shower water got all over the tenants bed and the tenant had to wash the sheets as well as anything else that got water damage.

That 4% should work out to be the effective inflation rate, which means your debt is "washed" by inflation. 

Although your paying interest, youre still earning interest on your cash which is pretty much a wash.

Also, I might only use postage for some of the envelopes, the others I'll hand deliver when I drive back to the area.When I get the chance, I'll revamp my old blog, setup a website, wash my Instagram to be real estate-oriented, Facebook/Twitter/Youtube for real estate.