Seriously, the machine was 2 years and 2 months old!

Value add: We look for ways to add value to the property, such as a laundry room/machines (electronic, no cash), vending, adding water metering under our new leases, etc.If it doesn't work, it doesn't work.

You could use the city water to fill the tank when it is available then it can be relied on during the water supply down time.It could be a wash on the costs depending.

Don't expect it to ever be a hands off machine before many years of hard work and even then if you want to keep higher margins, a lot of the heavy lifting will have to be done by you. 

But worms are so difficult to put on a hook, so here comes a clever dude who invents a machine that easily grabs a worm and hooks it within 1 tenth of a second.That is great, BUT you CAN'T catch this fish with worms.

There are some great opportunities out there but there are also some cautions you need to have, not everything has the occupancy and the high ADRs that we saw a couple of years ago, there are still some money-making machines but you need to invest in something that's not a commodity and make sure your investment really stands out from the competition, there are more units coming into the market in the next couple of years.

Appraisers are human, not machines.

We had a brand new 16,000 lbs machine on the trailer and really bad timing.

I recall a client early in my career who worked their neighborhood for cutting grass/washing trash cans who saved up $15k in a year from that alone.

I'd imagine the appreciation on my current house over the next few years (if I rent) will wash a lot of that interest away?