The law of large numbers is to low to make some assessments, the interest rate risk is minimal if not non-existent due to the short term nature of their loans.

I’m new to this and want to focus on the natural pitfalls of property management so I can grow processes to help the people and thus business succeed.

I have considered offering a similar arrangement for window AC units but doubt it would be worthwhile due to the seasonal nature and added labor cost for installation and removal each year.I think that offering a washer and dryer is a nice amenity and can make a little money in the right situation (either from a laundry fee or as additional rent) but I doubt that the added cost and maintenance of coin operated machines would make it worthwhile in a 2 unit building.

Seemed like a good rule-of-thumb, although naturally the variances in capex, maintenance, and other things would impact the final decision.

As a landlord, requiring renters insurance can help reduce your own liability and ensure that tenants have adequate protection in case of an unforeseen event. 

"adequate reserves" (money in the bank) is what many refer to as vital to get through times of unexpected rental income loss.

If you have 100k cash to invest there are a ton of other alternatives passive in nature with just as high or better overall IRR year over year.I looked at buying businesses before but unless you go big where business makes 200k and up profit it is hard to be passive and have layers of management in place for the cash flow stream.

(a) No landlord shall rent or cause to be rented any unit in which the tenant is responsible by agreement, implication, or otherwise for direct payment for utility service to the utility company and in which the utility company billing for that service includes any service to common areas of the building or other units or areas used or occupied by persons other than the individual tenant and those occupying the unit with the tenant on the utility account, unless, before offering an initial lease or a renewal lease, accepting a security deposit, or otherwise entering into an agreement with the prospective tenant to let the premises: (1) The landlord provides the prospective tenant with a written statement setting forth the specific areas of the building and any appurtenances that are served by the meter that will be in the tenant's name and the nature of the utility uses of those areas, including any that have not been reflected in past utility company billings but that may arise (such as the rental of a neighboring unit that has been vacant, the installation of washers and driers in the basement, or the use of the garage for mechanics); (2) The landlord provides the prospective tenant with copies of the utility bills for the unit for the previous 12 months, unless waived by the tenant in writing; (3) The landlord neither suggests nor requires the tenant to collect any money for utility bills from neighboring tenants whose utility usage will be reflected in the prospective tenant's utility company billings; and (4) The landlord sets forth in writing the amount of the proposed rent reduction, if any, that is offered to compensate for the tenant's payments for utility usage outside of the tenant's unit.

These industries will continue to exist and by their very nature will be located in these rural areasAside from that there are those businesses that are considered "unacceptable" and will locate in a rural area, far away from NIMBYs and city regulations.

After much research and reading/listening to podcasts, I am particularly drawn to turnkey investments because of the passive nature of the investment that would allow us to focus on our current careers, however with 50K limits us in the amount of properties we can purchase.