$650/month is a lot to expect from coin-laundry. $1300 closing costs look very low.

I just wanted to let people know the other side of the coin. 

If you own gold bars/coins, then you have a storage risk as well as a risk of converting it to cash/other currency if things go crazy.

It also pays to look at the other side of the coin where you find high volatility and exposure to loss. 

Long story short, I'm from Memphis, TN moving to Denver, CO in a few weeks. 

Ends in September, $18k sitting in worthy bonds earning 5%.With my tax situation & high cost area I don’t want to earn over $60k unless it’s off passive syndications only or a moonshot with some businesses I started in Oklahoma or my crypto or silver portfolio.

Appraise/REFI at the 6-month mark, and hopefully Cash out with north of 150k (via a 70% LTV financier) to repeat the process a little smarter and with some coin to show for it. 

Basement was locked but tenants had keys for storage & common coin op laundry access.

On the other side of the coin we have homeowners from 7734 that refuse to pay or tie up out money in court or we have to use a lien to get it.

I’m in a few - Columbus Real Estate And Money, CREAM, and Central Ohio Investor Network, COIN.CREAM is Facebook group, and COIN is typically a once a month in-person meetup that’s been having Zoom meetings during COVID.