Laundromats can be expensive, $2 - $4 per load, depending on size, and then dryer if they don't want to haul wet clothes home to dry.  

STR or LTR are definitely in the cards but we are just trying to get our feet wet here and invest!

You have to convert that lead to meeting, convert that meeting to open negotiation, convert that negotiation to a contract, convert that contract to a sale/assignment...Another option would be to get your feet wet by house-hacking.

Learn the trade proper way even if it means that initially you have to cough up some percentage of your commission, otherwise you are better off hiring a good experienced realtor to do it for you.  

Just starting to wet my brain on out-of-state property investments after listening to a friend who has been doing well with his properties after jumping about a year ago. 

We had wet signed lease and emails to proof. 

Sorry to be a wet blanket, but you're equity stripping everything, leaving your cash flow dangerously thin on already tiny properties at this point in time of the real estate cycle when rates are increasing and we've seen a 10 year run?

Biggest lesson learned from this purchase having feet on the ground and or having your team in place is very beneficial if repairs a rehab is needed but don’t let that be the reason you do not pull the trigger getting your feet wet is the way you learn but build your team is second Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The reason for me making this post is to connect with experienced investors who wouldn’t mind helping me get my feet wet.

It's not 100% passive, but certainly great for getting your feet wet.