I have been out of the game for a while, so I guess there is a little fear in jumping back in.

Way to be creative and think ahead of the game with str as well as working with the numbers to resubmit your offer even with a cash offer on the table.

I've never owned before so it is a learning curve, but the cash on cash return is so far phenomenal considering I just stop by every morning to check on the attendant, the store, and meet with customers.My plans are to give the whole place a facelift, set up a wash dry fold service, and provide some newer machines, all purchased with the revenue from the laundromat.Currently it grosses about 250k per year with a net of 80k.

Other facts: Only (6) washing machines in the entire building.

Appraisals with Realtors involved (purchase transactions) come in consistently higher, in part, because at this stage in the game, wise Realtors know that if they spoon-feed the appraiser the data they need to do their jobs for them, that helps the appraiser get the job done faster, which amounts to the same thing as a bribe (in terms of $ per hour of work, this is "here I'll save you a few hours"), without being a direct monetary bribe or running afoul of the law.

It's all a game of solving problems, and making things work no matter what your career is.Recently wrote a post about getting started, but check it out below:https://www.biggerpockets.com/...

New home construction is not a game of perfect.

Machine: How I got someone else to pay off my student loans and how you can do the same!

Using those capital funds for a SFH that you plan to live in and rent out an in law unit to help pay off your mortgage might not be bad idea but I agree that that route might not be the best use of your capital.I have investments in Sacramento and as @Nicholas Cook mentions, the west coast is more of an appreciation game rather than cash flow.

Stocking up on games and maybe game tables for those times when they are at the house.