It really depends how motivated you are.

I believe it depends on the lenders funding source.  

Short answer: Yes, laundromats can be profitable, but profitability depends on a few factors.

I’m hoping this meet up will help get a better understanding of what markets are good and not good depending on my strategy in central Florida.

I just want to get the management side of things right if I were to commit virtually all of my resources to it.Best,Dustin The rule of thumb is somewhere between 80 and 150 units is when you will need FT maintenance (depending on age and amount of deferred maintenance). 

We see DSCRs coming in at or under conventional, but it does depend on LTV etc etc. 

As for Cash flow, I think it depends on the deal structure as you mentioned, but also strategy/approach (cash flow vs building asset, holding long term).

Your success depends on it.

I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.

I would only do it if it was an absolute no brainer of a deal as if it goes south then you not only hurt yourself on that deal but also the property that you took the heloc out of.This also depends as if your current LTV is 30% and want to go to 50% is different than going from 50% to 80%.