I’m looking for ways to cover the expense of the water and electricity and I’m looking at “coin” operated washing machine.

Your mix will vary depending on goals and risks.I had 50% in stocks over the past 10 years, and enjoyed the bull run.Now it is 70% in REI, 24% in equities/bonds/ETFs, 5% in Silver/Bullion, 1% crypto.

A coin laundry should be a bonus money maker for you-mine makes a better return percentage than my building does-and my building is returning a great profit.All the best and keep us posted!

The electrical was updated, plumbing was updated, roof on 2 of the buildings are newer, new windows with lifetime warranty on all properties, each property has coin operated laundry, and these properties are fully rented.

@Yogesh Bhadane I'm trying to coin the term "OOSI", glad you are on the same page!

Can you get coin op ones to break even on the water and electric?

We just purchased 86 total units in the last 3 weeks. 2 of my buildings I would say C neighborhoods people are breaking into the coin op washers and dryers and stealing the $$$.

I tend to work with military communities for rentals and flips, but I am always looking to learn a few more techniques to make some extra coin.

If you bought a property in Shelby Co. in 2018 for less than its Assessed Value then you can appeal the 2019 value by 6/30-ish/19. 

The first investment is always the scariest regardless of where you buy, so having someone you trust to take care of a prop that is 'out of sight, out of mind (sort of)' can help with the transition.ConsThe flipside of the above coin is that you can't just drive by and see your property.