Now it may have merit in an older property with older big ticket components needing to be replaced in the future, however with newer construction homes, I don't apply this theory. 

I have attended numerous seminars on real estate and this one stands out as one of the most essential components of my wealthy building education.

Biggest component is boots on the ground and a local team.

Also, there's the vertically-integrated component. 

Creating building components in a controlled factory setting allows for greater quality control.

I started my environmental consulting (asbestos, mold lead, Phase I, PCA, etc.) company over 26 years ago with almost nothing, and had trouble paying for food those first few months.   

There are a lot of environmental issues that accompany laundromats.

25% is in line, can be higher, can be lower based on the components of the house.

If you listened to real wealth or BP podcasts you heard California put a criminally low rate increase cap in place 10+ years ago and it’s finally coming home to roost with high inflation and fires caused by horrible environmental policies. 

Environmental regs are prohibitive to new construction.