Same basic theory of living in your first rental but done properly without the messy part of being in the basement bootleg rental, having shared areas, utility issues, potential HOA restrictions, awkward meetings in the laundry or entrance, etc.Best of luck

Even if you were to invest it in the stock market and yield 10%, it would be a wash after taxes and fees.The other option is taking it over to Tulalip and putting it on the roulette table.

Dry cleaning service that comes to the building, mobile car wash that comes to the building, option for chef provided meals (from a local caterer), on site maintenance personnel etc.  

If so, I would discuss with neighbor about letting you (read: sweat equity) power wash it and stain/seal it.  

We bought new laundry machines for the community.

I'm a newbie also, and like you, find it cathartic folding clean laundry...and even washing dishes.

I require braided hoses on the ref and washing machine.Renters Insurance is a must.I let them cancel the lease with 30 days notice and a payment of 2 months rent as a penalty.I've never done a lease for less than 2 years and most of my renewals are for 2 years.I haven't done it yet but will put in the lease, if the tenant wants to extend the lease beyond the initial period and doesn't sign an agreement within 30 days of the expiration of the lease,it becomes a month to month at an increase of 10%.

It would be an awful lot more work to manage/clean/do laundry for 10-12 people than for 4.

If you get a laundry list of problems on the inspection report, don't be surprised or let that alone scare you.  

@Doug Rayburn I had this problem rehabbing a house in ChinaTown so much grease we had to remove lathe and plaster and drywall it.Another time it was oil paint and trying to cover it with latex.Worst was a calcimine kitchen ceiling where the paint would "unroll" right behind the roller we were using to put it on;-)Most of the time I wash it with TSP then clear water and let it dry.