One thing to go along with offers with expirations that Charlie has mentioned...in MA they are standing operating procedure.

If it is in the "chunky middle" of the bellcurve price-wise and quality-wise then you could expect to have a low vacancy, but my clients who operate on the top or bottom of the bellcurve in terms of price OR quality often have tenants who average 10-11 months of the year. 

I’m looking for ways to cover the expense of the water and electricity and I’m looking at “coin” operated washing machine.

The Cap rate of 6.5% sounds good but i am not sure if you deduct all the operating cost. 

We'll see what happensZillow loses money on each "flip" but their stock goes up 46% this year.https://www.fool.com/investing/2020/01/08/why-zillow-group-stock-surged-46-in-2019.aspx-----------------------------------------------------------------------------------------------https://wolfstreet.com/2019/05/10/house-flipper-zillow-lost-109k-35-per-flip-net-loss-triples-shares-soar/So, revenues of $128.5 million from selling the homes, minus $173.7 million in costs and expenses associated with these home sales, for a loss on its home flipping operations of $45.2 million.This loss of $45.2 million on 414 home flips means:Zillow lost $109,190 per flip on average.Zillow lost 37% on each flip on average.So this is a horrendous business-----------------------------------------------------------------------------------------

@Krishna Chava, one thing you mentioned that is very interesting is the incremental increase to rents of $25 - are there other operational advantages to having this technology installed like any Op Ex savings or change in vacancy rates? 

Remember that hotels are more operational. 

Yes, the closing attorney and title agent need to be licensed to operate in whatever state the property is located.

Smaller facilities like this will operate just fine with an online portal and a call center.  

You are operating a business.