I think that you also have to differentiate between commercial laundry leases and weather you own the machines yourself or not. 

If you can get free ed classes or discounts through the Green Machine, do it!

Putting in the hours, generating leads, finding a mentor who I already have and trying to become a listing machine.

Would be nice to see some of them get together and create some standards to wash out the lowlifes.

2. my second Option / thought is to use my VA loan, and purchase a nicer home / one that will rent for $1,300 - $1,500 a month ( afer the 1 year O.O. rule is meet ) , and plus I can technically get in a " Future " rental for 0% down .I could find an REO/foreclosed property that needs minimal repairs ( since VA loans are quite strict on the condition of the property in order for it to qualify and get approved for a VA loan ), and then do some updates ... paint / flooring while I live in it for 1 year , and then repeat the process of doing a Cash-Out refi and use the money for a down payment of 20% down on another $80,000 - $10,000 property.... wash ,rinse,repeat3.

------------Over view thread: https://www.biggerpockets.com/forums/50/topics/235713-a-wash-dc-bill-to-ammend-dodd-frank-and-safe-act-and-tila?

Do you happen to know how many machines they're operating? 

But you have to use judgment and can't be too cheap or you find yourself taking forever to get a deal, sometimes you have to pay a little more to keep the machine moving. 

Not to be nit picky, but it's easier to understand that your income is the same as cash flow after all expenses, your Net Operating Income ("NOI") is:PGI (Potential Gross Income @ 100% Occupancy)Less: Vacancy FactorEquals: EGI (Effective Gross Income)Plus: Other Income (signage, laundry machines, etc...)Less: Operating ExpensesEquals: NOINote: NOI does not include CapEx, Financing or depreciationWith a cap of 10% and asking of $455k, your NOI SHOULD be $45,500 (give or take).  

IE it went up 6% in the year to cover Realtor fees.. you might break even in the Bay area if you had to exit in one year. in the Turn key markets you will FOR sure lose money.. and most likely will lose Capital anytime in the first 5 to 10 years in most lower end turn key areas as values are stagnet and really don't move up unless the homes are completely refurbed again and run through the high powered West coast marketing machines that Turn key operators are ..