Some banks might require a cash portion to your initial investment.  

Hey Ximei,I totally understand wanting to maximize the impact of your initial investment, and if you're open to taking on a bit more complexity, the BRRRR route can be a game changer.

My initial protege added an ADU in Escondido which is working class like El Cajon.  

Most sponsors returned my initial message/email within a couple of days.

This is expensive from an initial capital and maintenance standpoint and I've been on the hunt for a better way.One option that I've found is installing BTU/Flow meters (Istec 4440) on the supply and return lines for each heating zone (one zone per unit).

Initially, I was using Quickbooks (QB) and then when I go a couple more properties and multiple LLCs it was difficult to manage on QB and required multiple QB subscriptions and this got expensive.

As for your initial questions:One lender I have spoken with stated that the DCSR loans are not regulated.

I started investing in 2019, got my license in 2021 and was initially with a residential broker that was primarily focused on retail transactions (aka sales, purchases, leases, for regular end user folks). 

I’ll provide an overview of the situation and my thoughts/attempts on how to structure the deal.Owner: He is in his 70s, payed off asset, appreciates the return profile of his property but is no longer interested in the management and hassle aspects.Details: Before I even asked, he mentioned that he isn’t sure where he stands in terms of depreciation and is somewhat concerned about the tax implications of selling.My initial approach to discussing creative financing: Me: "Have you heard of or would you consider seller financing?

I am not in the laundromat industry, so take my initial thoughts with a big grain of salt.