S2 said the smell was so unbearable he could only record the 2 minutes of footage he did inside the home and had to wash it off him when he got home.

Or an inspector on my personal house that said the hot and cold lines were crossed on our washing machine (they aren't).This is not to say there aren't good inspectors. 

Then the purchase of the life estate or prepaid rent or however you choose to structure it washes out to you as good NOI.  

The first revenue source is a pet fee: $50 for 1 pet$75 for 2 pets$100 for 3 pets - possible limit$125 for 4 pets - possible limitThe second revenue source is an appliance fee:The house has an old range and old washing machine that comes included.

I am a new member and this is my first post.I am considering making an offer on a self service car wash property in my local market.

All of this eye wash really isn't necessary, your business plan starting off can be three paragraphs with a supporting proforma statement to a lender, they are about the only folks you'll need a business plan for, except for your internal operations which can be on scratch pads as to you thoughts of the day. :)

His mistake was he went alone and he was dealing with a mentally imbalanced tenant.

This doesn't remove the suck-factor, but it does get you out of the situation faster and lets you wash your hands of this operator.Otherwise, if there is clear mis-practice of some sort of law here it may be feasible to recover the money from them, but that is a long road most of the time and the more decisive your evidence the better.What has has your building insurance said about the damage? 

I can't thank her enough as I believe Real Estate Investing will TEST You and it will try and wash you out several times before you see the true fruits of your labor.After this horrible beginning the property turned around and was actually a pretty good rental property. 

It always seems to me that the extra business friendly element of dealing with those states gets (mostly) washed out in the numbers and offset by the lack of inventory compared to Chicago.