There are definitely laundromats that net far more than that in my market, but I'm in Los Angeles, which is essentially the laundromat capital of the world haha.

The area essentially is seeing a lot of remodels (in a historical district right by downtown.) and brand new buildings from how it used to be not so great.

Purchase price: $20,098 Cash invested: $20,098 Sale price: $35,000 It was a wholesale deal essentially but I did end up closing it.

Over the last 7 months of the rental, the tenant did not have a single request... essentially making me the question the need for the payment to PM. 

I would recommend the long way :)Edward Jones, Vanguard, Charles Schwab, and the like handle a lot of the background nonsense for you (paperwork).

Hey Osar , my wife and I are doing this to get our feet wet as landlords it has been very great for us so far, I think it is essential to consider the personalities of each tenant because they all have to mesh well for the living situation to function.

A property manager will act as an essential link between you and your property.

What this means is that there is essentially no ceiling to how much money you can make on sales.

After the negotiation, (assuming your paying cash) in terms of paperwork and contracts and title transfer and so on, for a person that has only done deals with an agent, who would you say  should take care of that (ex. attourney, agent, cpa, me?)

I'd consider speaking to the seller about breaking the contract with the agent, negotiating the deal directly, then bringing in another realtor as a dual agent or an attorney at the end to draw up the paperwork.