It's like "house hacking" as @Brandon Turner coined (I believe) but instead it's "job hacking". 

Keep your coin!

No tenant issues no noise between tenants, no tenants fighting, first floor tenants complain 2nd floor tenants walk around like bears, etc, etc, etc....I guess it sounds good in theory but the costs to aquire such a facility and keep it 100% occupied is the other side of the coin...I'd love to hear your take on it Jon.

I do quite a few of these and they are really a great way to make some coin now, residually, and in the future all on the same house.Here is an example.

I am sure you are an honest guy, but in the past, so many investors have pulled the wool over the eyes of the banks and made it look like the paid more for the home than they did just to pull out extra coin.

The reason if the time is spent and nothing happens they want to cover expenses and make a little coin for their time.If it does happen the bigger payoff is on completion and performing with cash flow and or equity interest or both.Even if you find demand you need to determine if the location meets the interest of a NATIONAL company or a mom and pop??

I'd say its time for you to invest in some coin operated washer/dryers or remove then from the property and leave it as a w/d hookups available.

I could go on forever about investors and what they need to do to be prepared to jump on an opportunity when it presents itself like Bill did, but that could be a book to be honest and I don't want to bore anyone.Yes, they did find this deal on the MLS here in Connecticut and there are properties that fit the newly coined "BRRR" strategy here in CT which is what Bill hopes to do with this property as he outlined.

The building also has a coin op washer and dryer, I am not including this as I am not sure how much money they will generate. total rent $3200purchase price $232,260 ($237,000 with 2% seller paid closing costs)mortgage: $1,100 ( we are doing 10% down with FHA, this is including the PMI)taxes $389insurance $127landlord paid utilies ( water/sewer and house electric meter for common areas): $80maintenance/capex: $500vacancy: 8% $256Cash Flow montly: $748From what I have read most people on here are aiming for $200 a month per door this exceeds this requirement Cap rate 9.56Cash on Cash return ($8,976/$23,700): 37%This seems like a solid investment to me, its an older building, built in 1910 which is common for the area, but the basement and structure seems to be in good shape.

Does anyone from around MA know where to get a used Coin Op Laundry system?