By keeping more money in my pocket during the purchase, I will be able to outfit the storage room as a coin laundry, which will service both this building, and the 8 unit building directly next door.

Having been on both sides of coin, we put this together and thought it would be usefulhttps://www.biggerpockets.com/member-blogs/11998/98488-top-5-strategies-to-implement-before-investing-in-a-syndicationhttps://www.biggerpockets.com/member-blogs/11998/98489-top-20-questions-to-ask-your-syndicator-before-investing

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

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

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. 

Coin laundry?

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. 

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?

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.