I currently have an appreciation rental in Seattle, which is operating at close to a wash.

Here are the basics, please let me know if you have any additional questions and I’ll do my best to answer: 227k purchase price, 9 units, 4800 gross monthly rents, needs 60-70k in repairs, 350k ARV, the possibility of additional income from an on-site coin-op laundry facility ($250-300)... those are the nuts and bolts.

I subbed out the Painting, HVAC and electrical wiring for the laundry and furnace to my friends in the trades (helped out too).

My husband and I occupy the top unit which has 4 bed 2 bath and the mother in law unit is 1 bed 1 bath with laundry and kitchen.

Then, the second bathroom is being used as a laundry room with the shower as storage.. besides me lol.

Airbnb is an option for the hold period that you describe, but who will clean the bathroom and wash linens between visitors?

Then it is a wash for you and they feel like they got a discount.

Something definitely seemed off and I wasn't quite sure what it was. H

I'll PM you for specifics on location (I'm paranoid, I suppose).Few more details on the units:101Month-to-month lease (MTM) $850 + $200 RUBS2 bed/ 1.25 bathWash/dry access in laundry room next to unit shared by 102879 SF102MTM $850 + $200 RUBS2 bed/ 1 bathWash/dry access in laundry room next to unit shared by 101792 SF201MTM, $1450 + $375 RUBS3 bed/ 2 bathWash and dryer in unit1,548 SF202Lease ends 9/30/19, $900 + $270 RUBS2 bed/ .75 bathWash and dry in unit653 SF

Tenant will not allow us in to use water to power wash deck.