Franchisee wants to see 1.5 to 2% each year and not blocked rent where it goes up every 5 years.

It's a Plus for your tenants.. would I want to lug laundry down the block or down to the basement.. your tenants will stay longer, and you'll rent the units out quicker. overall original start up on anything is a cost consideration.. call around for quotes on lease options.. ask if they have used machines for sale ... check craigslist for used machines. 

I am not suggesting to buy a home around several vacant houses unless you are going to buy the whole block and change the neighborhood, but buy on the fringe (corner lot maybe or by a major street or highway).

It's not the end of the world for students but if one unit is rented to a family, mom won't want to deal with street parking 2 blocks away from the students have 10 cars competing for 6 spots and street parking.  

I live about 2 blocks away, and would be glad to have a conversation with anyone that may be more equipped for this deal.

I have designed a few public restrooms where I typically use concrete block and stainless steel. 

There is new construction happening on the block already and it's very well located near major public transportation.

Down the block or through the pearly gates.

The other home owners on the block have started leaning on the city code enforcer about the issue, without any resolve. 

I read somewhere to stay East of Ave Q and this sits only a few blocks east of Ave Q.