Five years is a coin toss, 10 years is ridiculously solid.

There is no future in investing at retail prices.I think the word "wholesaling was coined by some smart guru conducting seminars.

Any idea of ballpark cost for this?  Currently I don't have a house meter.  Would like to be able to run an electric dryer. 

Coin laundry?

You will probably be paying fort at least lights in the driveway and also have to manage coin ops in basement once every couple weeks.

I'm looking at purchasing a fourplex with the following numbers:Asking: $225,000    (my research indicates he was asking $215,000 for the last two years)Property Tax: $3560  ( non homestead)----Built: 1977Heating: water baseboard with natural gas boilerWater: owner pays, single large water heaterLaundry: coin operated (owned)Garages: 5 totalSeparate electric meters----Rent: $650 for 3, 2 bedroom 1 bath units 750sqftRent: $550 for 1, 1 bedroom 1 bath unit 600sqftTotal: $2500 per month----My plan is to purchase using an FHA 3.5% down and owner occupy. 

Also there have been vandalism and coin operated laundry got broken into that possibly related to the same tenant. 

5% is a little low, but this is super local.What about income from the coin laundry?

But the flip-side to that coin, is it better for me to try to manage this first one myself, if for no other reason than to get educated about how to manage a property? 

Just added a coin washer and dryer in a 4 unit building.