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.

A silver lining in the clouds...So there are two sides of the coin in recessions, one side is perhaps less demand the other is potential bargains. 

My coin. 

Another factor in my plans to sell the house in Colorado and buy more rental property in NC.I bought the house in CO in 89.

So a few of us are going to get together on Tuesday, July 18th from 4 pm until 7 pm at Shamrock Brewing Co in downtown Pueblo, CO.

This would allow an easy sale of the Coin Laundry business if you desire and reduce the exposure of the building in a lawsuit.Laundromats typically have 10 year leases so that would provide a good base for the building lender. 

I have been using the term “24 month flip” for so long now, I believe I have coined the phrase.

Oh, don't forget the current tech and crypto bubbles.

Storage( I'm between adding a single coin laundry for all, or using the individual units storage for laundry rooms as there are none on property at the moment[leaning torward individual] ). 5-New/Repair HVAC (2 units)(I have seen some good alternatives to HVAC and window units, any comments on any other money saving option that is better than window units but cheaper than HVAC would be appreciated). 6-Flooring interior, 7-Int.

If there were any coins or other objects of value, they were either hidden in grossness or they themselves were gross.