Multiple professional references, when addressing this issue, carefully state: "the IRS position is..." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

Where it gets interesting is that the house has 5 mailing addresses associated with it and the fire prevention bureau has on their records it is also a 5- unit house, and I am billed as such upon annual renewals/inspections.

Im sorry, while your concerns are generalized,  you are obviously not an Investor with BAM Capital or know their Company culture to post your concerns here regarding BAM Capital.I am in FUND III & FUND IV with well over 1 million invested over both funds.

Originally posted by @Marie Pruden:Thank you, Ricardo P. and David To for your kind concern advice. 

For those who are willing to invest these resources, they can be fantastic businesses.I wanted to address some of the most common questions I’ve seen about laundromats:1.

They are more concerned about protecting the hotels. 

Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

So far, I've rated Evergreen and FCI lowest based on a number of reviews on different platforms that have consistent negative reviews mentioning certain specific issues that I find concerning (this is after accounting for the inevitable disgruntled customer/borrower who gets unjustifiably upset).Are you able to share any of your information?  

I have financed a number of STR properties and they will usually be appraised as a pure real estate as vacant value and a cash flow adjusted commercial value, sometime separated as going concern and real property.  

What are you most concerned about?