Still, I am early on in the education process so I am looking for any connections and advice I can find.

My advices would be to look into hard money loans as it would give you the most flexibility.

Readers are advised to seek professional advice.

My advice is....if the property you wish to buy "makes sense" for you, then buy it now. 

Seeking advice from a tax advisor or accountant can assist in understanding the tax effects of renting out a garage apartment.Good luck!

Thank you so much for your advice and insight!!

I will appreciate your pieces of advice! 

:)Thank you for the advice! 

I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etcany advice would be a huge help to not only the laundromat but Real estate in general!

New to the whole REI game and looking for advice.