He is a former financial advisor and is currently the CEO of a company whose slogan is, "You invest...

Hi @Daniel Seo, I am originally from Washington and have family in Tacoma greater area, specifically American lake area. 

You may need to hire a property management company to handle day-to-day operations, which can eat into your profits.

Insurance coverage is another separate paragraph - typically the Lessee (laundry company) will spell out how much PL & PD insurance coverage if offered.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

I am an investor and landlord first, I also run a general contracting company during the day, and then work as an agent with what time is left. 3) The best time to buy is always yesterday.

I have owned my own construction company and have renovated many homes for other investors.

The total infrastructure project was a $50 Billion investment, all from private companies.

This is what you should be doing in order to comply with fair housing laws too, treat everyone the same and have set company policies that you never deviate from for anyone. 

The 1031 X company has told me I can use the $130,000 towards the carriage house portion of the purchase and first must contact my CPA to write up a document saying how the PP of the entire new property will be split up as primary and investment property and 1031 x portion will only go towards CH.So far, so good.