In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

Many laundromats take card payments these days, which is very helpful in verifying revenue.Look at the lease terms – long-term leases with reasonable rent increases are important for keeping costs predictable, and can also be important for securing financing.Also, check out the equipment and figure out what repairs or upgrades might be needed in the near future.

-Decreased security deposit to 1x for MTR.

I am an investor in debt DIRECTLY secured by REAL ESTATE.  

Economics matter: Market trends and supply and demand. 

The easiest thing to transform them into is storage unit places but there is only so much of that before you have an over supply.

The loan has a MUCH higher risk for the lender because it isn't secured by real estate.

Ask for higher security in person have them back out on their own if they still want the place you will be safer with more security

I think it would be financial suicide to give up a 500k a year job that you know how to do and is secure to launch into thinking your going to replace it with rental income.. unless your sitting on 5 mil plus in  cash with no debt.

I’m looking to buy a vehicle this weekend, specifically to transport supplies to and from my rental property, and to work on the property in between tenants; the property is 700 miles away.