And require that installation of the washer/dryer is to be done by a licensed and insured professional, and that the tenant will be liable for any damages caused by faulty installation. 

Get rid of the free loaders and start running a professional business.

learn about 1031 tax deferred exchangescomplete you financial package - 3 years tax returns P&L - real estate portfolio, credit scoreexpect to be rejected by lenders and other W-2 employees - qualify lenders, bankers, mortgage brokers - ask what products they have - see if you qualify for themlook at 20 buildings before offering on any - know the SF dollar cost - keep a journalmail lots of letters (be professional NO yellow childish communications) to owners of apartment buildingsUnderstand what a CAP rate is and how to get to it - fill out your  commercial APODVerify -verify - verify all financial data given you by sellers - sellers are liars (so are buyers) trust NO One!

Non professional practices will normally result in major financial losses.

Check BNI international or a LeTip (professional networking associations) had great experience with some BNI folks before.

I've worked as an acquisitions manager and project manager for a professional flipping company.

But I watched a video on youtube and looked around on loopnet to find some stuff not totally overpriced.  

    - you will need professional liability, and workers comp., that you may or may not need       for a different type of business.Hope that helps. 

If this is a non- prohibited arrangement and thus allowed, how long does it take to set up the self-direct fund and do I use an attorney, my investment company Merrill Lynch or some other professional?

My OCD was kicking and wanted to ensure I was being professional and some cya.