I'm interested specifically in rentals because I see slot of potential in that aspect and it seems more like something I would like as opposed to say flipping. 

However, I believe I will learn s lot from  BP So that I will be confident when I get started.  

I want to diversify the areas that I invest in, but my strategy is different from yours in that I prefer lower cost properties that tend to produce high cap rates.

My advice is to have the tenants put all utilities in their name and produce the account numbers BEFORE you give them the keys.

In economics 101, the more you produce of an item, the average cost goes down.

We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.

Keep in mind that in addition to not producing any notable revenue for the company, you come with a certain amount of risk or liability that they assume responsibility for.

The low initial investment, quick cash, and eye opening profit margins allowed me to invest in, and now own, a nice portfolio of income producing real estate.

based on the model number they are from around 1991 and the washer has had its second issue with the coin slide that renders the whole machine useless(the actual coin slot itself broke from the slide and I had to rig it to work last time since I can’t seem to find parts).So now I have a dilemma with more variables than just an inop washer.The washer/dryer prices are currently 1.25 and 1.50 since I purchased the place (can’t find additional coin slots ) and even if I found them the slots max out at 2.00 a machine (which appears low based on local laundromat prices). 

However if you look at the loss expense together with the cost of producing the product and marketing expense I think you'll find the profit margin in line with other insurance companies.