There’s normally action items that can be implemented into your management process that are more effective. 

What does it cost to buy a laundromat?

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.

These dishonest lawyers will start adding on all kinds of BS and start running the cost up so much as time goes on that you have no choice. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

Cost of construction is expensive and about to get worse.

Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

Is there an easy way to divide the basement up? Each side of the duplex has access to the basement but below everything is connected together and I want to make sure no side has access to each other. The way I can ima...