To Coin, or to Not to Coin.

I've got coin-op washers and dryers in all my multi-family properties (in the common areas). 

The activities of wife with respect to the rental properties included, among other things, cleaning common areas, collecting coins from washing machines, performing repairs at the properties, communicating with tenants, collecting and depositing rent, maintaining insurance policies, purchasing materials for the properties, as needed, paying bills and keeping books and records for tax accounting purposes.

Good investment for them if they do an extra flip a year with what they learned, they both are doing multiple deals right out of the gate.If you're net worth isn't a multiple of $35k, and you're looking to do 1-2 a year, prob not worth the coin as there are many less expensive ways to learn things, they just take more time and effort (and probably some trial and error).A good analogy is opening a business by buying a franchise or starting from scratch.  

In fact we have had people steal the whole top off of a washing machine, so they could take it home and then work on getting the coin box open.

Like Bryan does...So that's another side of the coin from a brokers point of view.

The otherside of the coin is to have a licensed RMLO (reg. mtg loan orig) underwrite the deal.

Do you or anyone else recommend utilizing this space for personal storage, or leaving the building only for tenant use and perhaps closing off the attic and providing coin-operated washer/dryer in basement?

For him, this would take the form of converting the currency into crypto (Bitcoins and such) and holding them in that form while they appreciate in value, then returning the tenants' deposits upon their departure and keeping the excess value for himself. 

I want to know about plumbing problems, but she calls me about things like the temperature of the water during different cycles in the coin washing machine, or another tenant putting her garbage can infront of her garage door, or that her gas bill seems high and I had to explain to her that it is not just the gas stove, but also her water heater.