@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

After pointing this out, I would have expected the cost to be eaten by them.

Quote from @JD Martin: If you have found people willing to lend you - someone with I assume no experience doing this, since you're here asking the question - 100% of the costs of such an endeavor for half the profits, you have found a gold mine and should look no further.

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

You will incur more lending costs but you will only be in the first loan for 6 months.

I expect the work to cost about $150k plus or minus $20k.

Good points on passing the utilities costs to the tenants and eliminating property management.

You could certainly reach this demographic, but it could also cost you substantially more than the return.For the money, your best bet is probably a dedicated website for your property with the key words that you want to convey.

Startup costs paid out of pocket should be recorded as capital contributions and may be deductible as startup expenses or amortized.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.