We bought it for $485k, but 70k into it, and after our first year of operating, have a couple off market offers for $800k, so that’s fun.

I have previously operated a family owned coin op self serve laundry for 2+ years and am very familiar with the area. 

Hi @Bob FogliaNote investing might be something to check into.Partnerships are only scary if you don't have a business plan and good operating agreement. 

*the take away here, IMO, is not to try and predict crashes but to operate in a way that give you the flexibility to be opportunistic when these random dislocations happen.

I'm currently in need of a strong list of vendors and contractors who operate in Greenville, Spartanburg, and Anderson and surrounding areas.

As an individual who has rented for the last few years (new to REI, plan on househacking a duplex as soon as we close), I would suggest going with Option 2 using coin operated machines.

I generally prefer to go it alone, any kind of partner (even relatives) mean you have less say in management, operations and exit strategy.

You can get in hot water that way legally as all LLCs could be argued to be operating as a single entity and thus pierce the corporate veil.  

I’m not too keen on the fund and grow model operating solely on business credit but it does seem the most direct way to utilize the cash I have on hand and acquire enough operating capital to get into decent property.

First off, they are operating illegally under Florida Statutes Section 718.112(2)(a)(1.) by only having three board members (unless there is less than five total units in the condo itself).