I am someone who lends their own money.

If you are just getting started and don't have much cash or income, you'll likely need to find deals where you don't leave much (or any) money in the deal and it needs some cash flow.

Buying used comes with a number of considerations - equipment age, lease terms, traffic into the laundromat, wash and fold, there's a long list.There's some good advice from others. 

Anywhere you bought an STR it was going to grow money. 

Quote from @Placeholder Placeholder: Has anyone ever heard of Funding Co Holding, LLC, was In need of hard money loan due to unqualified docs, attempting to purchase potential property with extremely great ROI.

My plan 1. build septic mound and system to design2. build pad to extend past HUD for patio3. gravel drive and parking area with washed stone4. have utility water and electric performed by professional - I would possibly dig for water line install and electrical conduit 5. landscape/plant trees etc. 

I live in Wash DC and have a busy career so I assume I'll need to have a local manager.

Put a fresh coat of paint in common areas, power wash the building if it has siding.

I would not recommend a flipper start getting into new construction without the experience, they are two different things  - no different than someone trying to go from residential to car washes etc.

A lot of hard money lenders won’t touch a deal once demo has started because they can’t verify the scope or what’s been done so far, but the ones who do this regularly will just underwrite it as a “rehab in progress.”Here’s your best path:1.