Potential problems:- High cost of maintenance & utilities, especially with older buildings and machines- Theft, personal injury claims and other insurance problems- Competition from other facilities or in-building laundriesAnother problem is getting accurate financials.

My initial thoughts went back to my RE Finance class at NYU on commercial deals, but you made me want to dig in deeper for all of my future residential rentals and most certainly before I buy my next one.I think too many investors do a "back of the envelope" analyses and quick run of numbers on any one of the myriad of spreadsheets out there (and are they accurate??)

Some people add a small percentage (3%) to accommodate future values but I usually keep it conservative better to be as accurate as possible.

Let me preface this by saying that I realize zillow zestimates aren't exactly the most accurate valuations metrics, but my issues are still puzzling.

How accurate and misleading is the site?

Inspection reports will detail all of this but will cost several $100 for multi-unit, if you rely upon inspector evaluation and you're not able to scope these on your own.Also, the $572/mo expense for the summarized items may or may not be accurate.

The analogy to attorneys is incredibly accurate.

. $1,500 first year) = $2,775$2,775/3 = $925/$3,791.66 = 24.4% Cash on Cash Return for my buddies and a little bit better for myself (not taking into account our time invested, which as I said before will be just as accurately identified as experience)It is not much, but we all wanted to do something and we thought this would be a good learning experience and a safe test to try Single Family rentals.

Very accurate and true statement.  

Knowledge is power.)I do not use this definition.What I like to use is  ( APPLIED accurate knowledge is power ).You can learn lots of new things constantly which may be 100% accurate, somewhat accurate, or not accurate at all.