THEN, you are looking for a new cleaner. 2) Do not hire a company that has a high turnover rate.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

@Kim McGrathI highly doubt you will do better than 8% as land is very difficult to get financing for right nowWhat is the property worth?

Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.

His boss also spoke highly of him of having good character.I told him, if it was just him, he would have moved in already.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

You start to take on more significant projects, renovating and flipping properties for higher returns.

I personally think the detailing MAY be a great idea, IF the location of the car wash is on a highly traveled street in a neighborhood with lots of residences within a 2 mile radius. 

If you want better answers, highly recommend YOU invest time in creating better questions:)

Rate will also be much higher, given that you can get a loan with a bank at 7% and you can park your money in a CD or High-Yield Savings at 4.5%-5% Interest.