I also own a water restoration and general maintenance business in the area and the amount of STR owners that we have spoken with is insane.  

Fire hydrants, sewer, water, road access, electric, flood way or plain, storm pond, storm sewer, setbacks, fencing, soil compaction, lot sizes, etc.3.  

Even new machines can experience issues, and when those issues mean that water is leaking all over your laundromat, you’re going to want to respond to that quickly.It may not be that your laundromat requires that many hours in a week of actual work, but the times your laundromat will demand your attention can often happen unexpectedly.In a typical week, we would work 7-10 hours on our laundromat, either being there physically or working remotely.

I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.

I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

Hi all, my LTR (Boston, built in the 1930's) has some cracks in the basement walls that I didn't think were too serious (owned for 10y, some water and flaking but mostly dry).

In HI there are leasehold properties, cesspools, water catchment, and Lava Zones (on the Big Island). 

But your main killers; road access, water access, fire hydrants, flood plain, storm sewers, Storm ponds, road surface requirements, etc. 

Their fill hose sprung a leak or something and hundreds of gallons of water poured into the apartment below them.