I think we could make some additional income by converting to coin op. 

Was the revenue for the coin laundry gross revenue for 12 months for a 31 unit building?

On the flip side of the coin your risk and expenses are reduced.I would wait to open a LLC until you have found a deal where you need one.

Also there is currently free laundry that could be converted to coin op. 

The common areas have electricity for lighting and hot water heat and there are two coin laundries so the owner utilities consist of common area electric for lighting, gas and water for the common area heat and hot and cold water for the coin laundry. 

I thought that as well but I believe there may be room to charge market rents in the near future as well as adding some additional income via coin operated washing machines. 

Let me tell you the other side of the coin, to all the new Realtors, when they head the word investor, is that you are going to visit 50 homes, and this is going to take you at least one week or more of all your afternoons, all this homes are worth 60K located probably 2 hours drive.

Has anyone any experience with LG commercial coin operated washer and dryers for their apartment buildings? 

Small family owned co in the Dallas market.

Paul Coin.