I've also been directly in touch with a "fronter" in their Ontario, CA office who described the pressure-cooker type of environment, revolving door and nonstop lying. 

In the laundromat deals I’ve seen, most of the negotiation revolves around things like revenue multiples and level of owner involvement.

The most common mistakes I see on self-prepared returns revolve around calculating the correct cost basis of the property, allocating it between building and land, determining the right "in service" date of the property, and depreciating everything correctly.The last thing you want to do is prepare an incorrect 2017 return, hire a CPA for 2018, and pay him or her to amend 2017 when it could have been filed correctly to begin with.Owning the property for one month shouldn't present too many problems, but it's important to be aware of the potential pitfalls of preparing your own return.Hope this helps!

In the laundromat deals I've been apart of; the converation seems to revolve around business multiples, profit percentages, and owner involvement levels.But I think it's more important to ask yourself some questions as a buyer:1) What will it take to get this place where I want it? 

Labor wasn’t just a line item anymore—it became the constraint that everything else revolved around.The lesson for me was this: despite your best plans, operating a real business is inherently volatile, unpredictable, complex, and ambiguousIt’s hard to prepare for something you don’t yet know is coming—but you can prepare for the fact that something will come.

@Alexandra Isenhour - Hi Alexandra, could you do a HELOC or some sort of revolving credit line on your existing properties? 

Hi,What is idea square feet of building and land, bed bath mix for purchasing rental property for long term tenants and better cash flow and less turn over costs due to revolving tenants.

The common feedback I hear typically revolves around your accounting preference. 

For those of us running multiple LLCs and scaling portfolios, an interest-only revolving line that’s based on rents instead of income or DTI is basically a business line of credit secured by the asset.

My case revolved around my using Subject To to buy a pre-foreclosure that was willingly sold, and years later a pro bono attempt on the other side to undo it and claim the unearned accumulated appreciation based on . . . ??????