Who wants to live in a nice house where you can't have a pool/water a lawn/take showers/wash clothes/Etc?

@Taylor Reichert I would not buy this place, because I cannot come up with a way to get to my minimum investment criteria: 15% Cash on Cash AND $150/month cash flow.I might recommend buying this place if all you have to do is mow the lawn and wash the counters.  

There are many management companies out there but many of them are simply treading water in regards to profitability.You might just find that you and your partner are better off focusing on generating more investment leads and funneling them to your turn-key management company and washing your hands of the dirty work. 

You can credit your money for the rehab back to your purchase washing out the cash transaction but including it for your costs of acquisition, you'll have a profit on the job if you charge one.

I'd rather give some newbie starting out 1000 dollars or something than this clown 4 times as much.Ended up pushing the cash buyer up to match the financing and washing my hands of it.   

_____________ (washed, bleached, etc?)

Comingling funds goes in both directions, depositing personal money in the LLC as income can also bring questions of why income from a personally held property is being washed through a company, money laundering for any tax advantage, is that the reason?

This clause was included in the wash lease:9.

Rob K I also dont prime existing walls, just patch points, we do wash/prep with tsp though.

Doing a walk thru of the property, I saw how the owners weren't utilizing the space properly.The basement is unfinished and just have so much wasted space.I plan on putting two sets of coin operated washing machine and dryers and also carving out 4 storage closets that I will charge for ($25-$50)/month and I was thinking of putting a small gym down there..and charge a monthly fee of $10 a month.