This is another reason why I purchase low-end units, because the price is low, but it rents for almost the same and medium-grade units that costs 2x to 4x as much.

 whirlpool cgt8000xq-stacked commercial washer/ dryer, but will run you 2,600. whirlpool cae2743BQ and cgm2743BQ - about $1600 for both from Lowes. i have the 2 from Lowes at one student rental and 2 of the stacked machines at a 2 family student rental. i charge a little less then laundromats in town but put them in to help pay for the Gas used and for the convenience for them to help rent the place. when they are on winter break and summer is when i go collect the money. both machines are commercial grade. at the two family i also installed a coin machine so they can get there change right there - i take the bills out and refill the coin machine with the coins from the laundry, easier for me then carrying a bunch of coins.

Pretty much everyone from out of state follows this.Cleveland Neighborhood Grades

This is a high end home in a 500-700K neighborhood, and it has granite counter tops and stainless appliances.I was thinking of getting those nicer appliances since it goes with the existing higher end appliances (largely for when I rent the place out, since it is a higher end rental, I personally am fine with the mid grade ones to save a buck), though they cost about $1,500 total vs. $1,000 out the door with all the items needed for setup of the mid grade ones.

Lower grade areas have the possibility for higher cash flow but come with additional risk.

Also, I am definitely jumping into a bigger game than my "pay grade" deserves.

Your input is greatly appreciated.Multi apartment buildings, around 100 units total, 80+ 1BR/1Ba, 20 2Br/1ba, laundry, parking, pool, clubhouse, the usualsAverage apt 520sqft, $500 rent, $250 deposit (current numbers, about fair for the area)Not a great area, "C" grade apartments, 80% occupancyBuildings in foreclosure, sold by the bank - i.e. no solid records on maintenance , income, expenses, turnaround, etc.

I started singing and reading in church in the 5th grade.

Recently I wrote a blog grading the different neighborhoods in Cleveland.

I went through 6 grades prior to leaving, and by then I'd gone through American equivalent of Algebra 2 / Geometry - I had not used a calculator...we weren't allowed!