We are purchasing a multi with plenty of space to incorporate a coin op laundry machines.

What are the pros/cons in investing in a coin car wash?

I should also mention that the seller has owned the home for 5+ years and so it was he who installed the wooden panels on the side. 

So now I've got the whole bathroom gutted cause the cpvc ran under the subfloor, which btw is now sitting on the ground making an invitation to move right in and become my next tenants, but the living room now has a nice trampoline bounce effect when you jump on the floor cause all my joist supports either washed out or sank from under the house!

No water, no ice machine, and a 3 year warranty!

They are expensive.On the plus side, they have a huge marketing machine and I feel very comfortable that they will have enough potential renters looking at the property that it will be rented with little to no vacancy.

- apartments don't come with a washing machine 

Now the normalized rate is used for qualification purposes, so it's never done.In theory you might have someone at a 20% DTI who would prefer to be at a 15% DTI for that first couple years, but IRL people at 20% DTI are those very same people who can just do the math to realize that this heavily favors the bank, and such a person (who could qualify either way) would never do it.I certainly applaud that you're looking into wonky guideline provisions and how you might hack a glitch in the matrix, but this is the wrong glitch to be trying to hack, unless your time machine allows you to travel to 2005. :)The closest to this that now exists, for the cash heavy but income modest, is buying out the PMI upfront on a conventional mortgage, rather than ever making a monthly PMI payment.

Benefits of 1031 exchange are you avoid paying taxes and if your in real state for the long term might as well keep your money in real estate, I see real estate as being a money printing machine.

I'm also a graduate of Wash U (undergrad and grad school).