Over all it will be a negative, but you should be buying the property at a discount so it's kind of a wash.

The other alternative I thought was to own the units, but go off the grid by installing enough solar panels (perhaps with battery backup for storage) to supply electricity to 240v dryers and washing machines.  

I don’t want to wait (at 75 years old I can’t afford to wait).it seems as if everything we do has some sort of instant gratification; fast food – the micro wave, drive thru car wash and any information we want immediately with the internet - I want my profit now – I don’t want to wait for appreciation, or to depend on an agent to list my deal and wait for a long time for a suitable contract offer full of contingencies, I don’t want to go through the qualification process – I don’t want my life dependent on some snotty nose bank clerk to approve my loan.

I didn't understand if he was saying his mistake was running his numbers or if it was he wish he hadn't done so much DIY at the beginning.

Hello Everyone, my name is Michael Hart, and as the subject line states, I am currently investing in the Charlotte, NC; Wash.

Answer, it works for distressed properties, distressed owners, when an owner needs some money or steady income and would rather wash their hands of dealing with the property, like tired landlords.

This is not to check if the tenant has washed the dishes but to keep an eye on the general condition of the property.  

My next move is to start looking next door at PA, but the tend to yield lower rents so most of what I've found is a wash. 

I said he has a good income (he has a nice car) to imply that he has a lot of income but he is a spender so money is tight for him between apartments.Focus on the topic, not your own interpretation and pointing out the obvious things that no one is asking about...It is not the point of the thread, and no one said he is fin stable because of his car, the point was he is not flush with savings because he is a spender, so money is tight between apartments for him.Otherwise it's just a waste of time reading your response...because it's an answer to a question NOBODY asked.

While offering more amenities may get you higher rent, it would become a wash when you factor in paying for electricity, water and furniture.