Places like South Euclid or Cleveland Heights that require low to medium rehab but no full rehabs.

Well for general considerations about whether to have an LLC for rental properties or not, check out-https://www.biggerpockets.com/renewsblog/2013/08/1...Read through the comments too as there's a lot of info in those too.One major comment would be, and an accountant or an entity specialist should bring this to your attention, is that rental properties and flips are two different things as far as taxes....passive income vs active income...and those should not be mixed under one LLC.

Thanks @LarryFried, I will take that into consideration. 

Maybe even a loan that takes into consideration the rental income from the properties?

Will my lender take this in consideration when I go for a loan?

I definitely prefer to stick to the 'do what you want, it won't affect me at all, but I can at least offer you some points for consideration...' :)Well, more than anything, I can't speak to anything in Jacksonville right now because it's possible that duplex is now underwater :( Not sure on the flooding issues from Irma, but I know they are severe.

@Christopher Dunson One consideration is that if this isn't an established business/person, your recourse could be minimal.

It's a Plus for your tenants.. would I want to lug laundry down the block or down to the basement.. your tenants will stay longer, and you'll rent the units out quicker. overall original start up on anything is a cost consideration.. call around for quotes on lease options.. ask if they have used machines for sale ... check craigslist for used machines. 

And pray tell you find the multiunit that is all vacant, you'll be paying a very high price for it- what pacific heights was selling for pre boom.

What are some special considerations to take into account being in a college town?