The seller can't come up with $3000-$4000 for a CO in order to make $49,000? 

I think crypto and de-fi will be interesting to watch the next 5 years.

@Robert Taylor I think most folks do:Buy - Fixup - Sell/Rent which usually takes a minimum or 3 months here in Boston or New Hampshire.A Flip to me, is like with a coin, takes less than a second to determine Heads or Tails not 3 months.

@Michele Fischer   Michele  that is the best representation of low end rentals that has ever been coined.. perfect  I am going to steal that if you don't mind...

I made an 'income statement' for the property and came up with the following #'s; Effective Gross Income = $29,760 ($32,400 + $600 in coin laundry less 10% vacancy allowance) Total Operating/Fixed Expenses = $13,737 ($3987 in property taxes AFTER renos and at an assumption of a new assessed value of $300k- used formula on city website to calculate this #) ($4464 for reserves and replacements (15%)) ($1786 in management fees (used conservative 6%, but I would be doing this, not another company.

What's everyone's brand of choice for reliable coin-op washers and dryers?

To coin a famous movie line by Tom Hanks, "Of course it's hard, if it was easy everyone would do it.  

He lives there and has good tenants - not low income, but not professional, either -- has coin ops.

To say I'll start in wholesaling is a flip of the coin, to make money doing that you need an invenotry of properties that can be purchased considerably under the ARV allowing rehabbers or others to make a profit or to sell off the landlords.

If the W/D was in the basement and not in the units, I'd make them coin operated to offset cost of water.Mike