If you price the coin-op lower than comparable laundromats around town your tenants will appreciate the benefit (but likely not abuse it).  

See video I did on subject http://youtu.be/zjxxBBkIxhI it's geared more to the benefits of buyer, but for you if they don't pay you just evict.

If you are considering of living in the multi, you will achieve ultimate financial benefit of having a decreased living exposure, this should be the goal.

Meanwhile, they can be expensive and burdensome in proportion to their benefits, especially for a small investor ... $800/yr state franchise tax here in the People's Republic of California, and it doesn't matter if the LLC or properties are out of state, CA still wants this fee if you live there. 

You are correct, there are numerous highlights I can mention like: I've never lost money on a buy, I've bought a $500 web property and sold it for $4,000 in the span of a month, and I've currently bought a property for $4,000 that I plan to sell for $10,000+ in the next few months.

There are variables too numerous to get into without knowing where your head is pointing towards.PM me your questions and I'll do my best to answer what I can. 

Could you please explain the FHA loan and the benefits of it concerning starting invested with a small amount of capital (20k)?

(who is a friend), send numerous letters back and forth so I could run up their attorney bill, then pay up.

Find a mortgage banker that will give you credit using the lease agreements.You should be able to do a HELOC on your primary residence to get to 90% LTV.VA loans will let you go to 100% LTV as long as the loan is within the county limit and you have benefit available to cover the loan.

Below are what I know as options.1) Conventional - My dad gets the lump sum, but I don't get any benefit 2) Land Contract - My dad wins the "long game" with financing it to me, maybe he'd offer a price break.3) Living Trust or Land Trust?