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. 

Anyone going to craigslist must be a little desperate and so that is an awesome resource for cash buyersGet a pro membership here on Biggerpockets and you can start posting deals on market place.Get BOTH a motivated seller website AND a cash buyers website going, rank it #1 and cash buyers are constantly messaging you if you have a deal available.

But a lot of folks writing those books were washing cars in 2008-2011, when the entire vacation rental market came crashing to the ground.  

Of course cash flow is worse, you are putting less money down.

That leaves me with a bill of $2400 which is 33% of my cash flow for the past 2 years.

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

Hey everyone, I’ve been digging into the BiggerPockets podcasts lately, and from what I’ve heard for buy and hold investing Dave often targets 8-12 % cash-on-cash returns on small multifamily deals, especially in more affordable markets. 

I’m focused on BRRRR investing and building long-term cash-flowing assets.

I aim for a property that will provide both cash flow and appreciation.Some years, your cash-flow will be high and your appreciation will be lowSome years, cash flow will be low and appreciation will be highSome years, both will be lowSome years, both will be high.If your cash-flow is atleast positive, the property itself won't force you to sell the property.

Wash rinse and repeat.