It only makes sense if you plan to pass on real estate.

i am planning on talking to real estate lawyer and real estate cpa but wanted to see if there were any thoughts from the forum. thanks!

To me it looks really solid but the only thing that matters is your business plan and how you set up your goals that will determine if it is a good deal for you. 

Also it would likely need a registered agent in state to properly handle a court process.

I plan on going there tomorrow to look at the flooring

read up on the BRRRR process and see what you think. 

Of course, finding seller-financed notes is a PROCESS, and I disagree with the above comment on [postcards not being effective]-- actually, I've found, in over 22 years of direct-mailing note holders (and also potential referral sources) that the postcard is the most efficient and cost-effective way to get your message DELIVERED.

Depending on the exact scope of your intended business plans speaking to an attorney or CPA might also be recommended. 

As an LP in a syndication with two (let's call them) identical offerings in terms of asset type, business plan, submarket, asset size, projected returns, fees, waterfall, etc.  

Just starting this process, but are their agent who simply deal with laundromats… or should we deal with a business broker?