Purchase price: $400,000 Cash invested: $50,000 Creative dreams realty is going to Totally renovating this house outside were doing landscaping , siding ,gutters and pressure washing inside were doing new plumbing , electric , sheet rock , doors , molding , 2 full baths , kitchen and basement .

ACTUAL Gross Rental Income: Based on Existing Rent Roll Submitted by Seller on 11/8 8 units/2 bedrooms @ 818 building $ 71,244 $ 742.13 8 units/ 2 bedrooms @ 842 building 71,064 $ 740.25 8 units/2 bedrooms @ 850 building 70,884 $ 738.38 $ 213,192 $ 740.25 Other Income-Washing Machines Est.

Coin Laundry service?

Wash some dishes, Eat some pizza in the living room, sit on the toilet, and stand in the shower.

Buy, Sell & Buy to cover gain, Sell & Buy to cover gain, wash rinse repeat. 

You could hook up a coin operated power supply box like this one to some regular laundry machines.They cost under $200.https://www.amazon.com/Operated-Electronic-Selector-Acceptor-Shipping/dp/B07WDBLBDD/ref=asc_df_B07WDBLBDD/?

Perhaps I'm wrong, and I'm not insisting but from what my accountant said it's a net wash as I'm filing personal.

Get a through inspection, I had termite damage in the laundry room that was worse than expected and had to spend a couple thousand dollars to tear down a wall and build back from new.

Hello fellow BP’s,I am in Los Ángeles with a 20 unit property with no laundry room and no space to build one.

From what I can see, it looks like the tax rates in the Bay Area turn out to be a wash when compared to Seattle.