Thoughts on coin laundry in a single family home?

are you sure you are not purchasing a car wash?

(New hinge on door, $99, Sealed garbage disposal line $99, repaired latch mechanism on laundry room $99, fixed faulty vent $99, Rehung blinds in den due to cracking $99, Replaced cracked molding around bathroom $99.)  

The updated kitchen is open and bright with a dining space and laundry area off the kitchen.

@Deirdre Laundry I have no experience in Canada but I do have lots of experience in selling student rentals.  

I will ask them to wash the walls before they move out but I doubt all the filth will come off.

In gentrifying areas - Wash Park  or the Highlands in Denver, West Port in KC, the old North East  in St Pete, (name any other of 1000 old neighborhoods that are suddenly hipster friendly)  this can be a gold mine.So, if you've got an extra lot you need to think about. 

Was he talking to you from his Cayman bank? 

And is it a wash?

That is how people start with a 6-unit and end with a 60-unit.Add Income Streams:  Look for opportunities on your asset to add income streams. i.e. laundry mat, garage fees, etc.Commercial Loan:  Once you've saved enough money for property #2, consider a commercial loan that will cover both assets.