Identified as a non-conforming structure, the town added "CAN ONLY BE REPAIRED/MAINTAINED UP TO 15% OF CURRENT ASSESSED VALUE IN ANY CONSECUTIVE 12 MONTH PERIOD."

I'm going to give myself a year to get to know the city, study and save up.

I do have a degree in writing from Emerson College and can offer any services related to that.My first goal is to learn how to study markets.

We continued to live with our parents, save money, pay down our $50,000+ student debt bills and more than anything learn and invest in real estate in our hometown.However, after 18 months of relentless studying, networking, calling, door-knocking, and driving for dollars everywhere in Indianapolis we identified two duplexes via our newly built network that finally fit our goals (and that we could afford).

Expect to study a couple months and maybe take the test twice.

What I need is someone to inspect the property and report on its condition, secure the property, maintain the property, and oversee any work required to get it into saleable or rentable condition.

I've never had coin operated laundry in any property I own, but I do know, from friends who have, that it can a pain to service/keep operating (particularly if your tenants bring their friends over to use it)--so it may be that the revenue is not worth the cost of maintaining it. 

It's time to leave that asset in place, maintain it professionally, and use the reliability of that asset to lower the risk on my next, untested property. 

After studying the responses and learning from other's experience, I have had success in creating my own creative marketing strategies that have yielded anywhere between 5-10%RR.

Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the property but excludes Loan Payments, Capital Expenditures, Depreciation, and Amortization.The IRS has recently raised the Tangible Property Expensing threshold to $2,500 (from $500 previously) per item so if you took advantage of this change, wouldn't it decrease your NOI since you can expense smaller capital items as repairs & maintenance instead of capitalizing and then depreciating them over time?