If your budget is $150k you're going to have a tough time buying here - right now there's only one house on the market below that price and it would require at least $60k in renovations.The Riverside and (adjacent) Avondale neighborhood regularly ranks in the top neighborhoods in the country, and values have risen steadily for years now.

Account Closed Will you be using this guy on a regular basis? 

Market dependent......in my are of CA, we supply a stove and dishwasher..... rest is on the tenant.....When we have a unit in TX, the tenants expected all of it.... then my second tenant had a washer/dryer so I had to store mine....was a PITA.....Very market dependent...... ideally I would only supply the dishwasher ......that's kind of a built in type of install with water supply etc, so I'd rather not have tenant taking that in/out etc.... rest of the appliance are pretty easy to move etc

You do a reverse construction exchange and your intermediary takes title to the lot and holds it until the construction is complete and you can take title to complete your regular exchange. 

Is it greedy when the grocery store charges you market rate for hamburger and milk?

Then I would use another version to file our regular taxes?

Just get a regular construction loan.

I've never owned before so it is a learning curve, but the cash on cash return is so far phenomenal considering I just stop by every morning to check on the attendant, the store, and meet with customers.My plans are to give the whole place a facelift, set up a wash dry fold service, and provide some newer machines, all purchased with the revenue from the laundromat.Currently it grosses about 250k per year with a net of 80k.

They don't do well and they leave, they do real well and they want to move to bigger.6) There is a certain retail business (actual company) that builds its own store along with a strip mall and then sells that. 

I am guessing where the money is stored needs to be easily liquidated in short order and not at risk of dropping in value.