The building is in great shape, about all was replaced the coin washer and dryer the old ones were pretty worn out.

Who chooses the title co in those transactions?

We don't allow car washing on the property and the shared coin-op laundry covers its own water use cost with the income it generates.

The $8452 you got this year could be invested and -- by definition -- is worth more than the $8452 you'll get in year ten.The true value of that income stream will depend on the initial cash investment, the specific stream of income you get from the investment and the discount rate (essentially your cost of money or opportunity cost).To put things in more concrete terms, check out this post I wrote a couple months ago about calculating the net present value (NPV) of a seller finance deal:http://www.biggerpockets.com/forums/48/topics/1649...Probably worth checking this out as well, since it relates (Internal Rate of Return (IRR) is the flip side of the NPV coin):http://www.biggerpockets.com/renewsblog/2010/09/02...

Kyle, place in some numbers of a house you were looking at, price, mortgage,taxes etc. average rent for the area for same size units. may be a little easier to get answers from people if they can help check your figures. i know in the area that i am investing right now, a 4 bedroom unit runs me $200 / bedroom/ month to run and i have a 2 family with 8 bedrooms that runs me $150- the more bedrooms the less per bedroom. that is without the mortgage. that can fluctuate depending on the cost of the property and the amount you put down, so i leave that number separate. to me Maintenance seems a little high, if you have a unit that collects $1700 per month ( 20,400 yr ) at 15% that's $3060 for lawn care and snow removal. i pay half that $1500 - so that's 7 1/2 percent ( these numbers come from my 4 bedroom unit ( 1700 & 1500 )). that would be another 1500 in your pocket. what you can do is ask a management co. in the area what is the typical charge for maintenance, or a local landscaper. that 1500 could make a difference in your numbers, and there may be others. show a sample and you may get some insight from others

NPV and IRR are two sides of the same coin.  

So there is another opportunity to add extra income if you add coin wash machines.

I was thinking of leasing coin-op machines and putting them in the garage but decided to go for more tenant convenience and charge more in rent. 

It's always valuable to hear the other side of the coin.

In the other side of the coin, waiting longer than 5 weeks could potentially be too long in-between to where the recipient could forget about you.It would benefit you to plan ahead.