I own A 4 plex.. 2bed/ 2 bath washer and dryer no hoa about 7 mins west of Summerlin paid 370k bac kin feb 2019 ( that was considered high compared to the rest of the areas I was looking in ) Put about 15k into it. it appraised for 430k this month collect about $3250/ month in rents. there is still opportunity and good things going on in this market, just might be harder to find. inventory for mfh now is very tight and expensive.

As far as a loan goes, you’re more likely to find financing if the tenants all own their own homes and you are just collecting the lot rent.

Property management involves listing, showing, collecting rents, scheduling repairs, managing tenants, etc.  

Then you become the resident/manager who collects the rents and makes sure your roomies don't tear up the place. 

That's the rent you collect, and not including any expenses such as utilities, furniture, supplies, cleaning, etc. 

It was some time in November when the total rent collected from the 2nd group exceeded the purchase price of the house.

You will likely have an easier time collecting on any damages from them than a random tenant.  

If you have to carry a gun to collect your rents it is not worth it.

For “regular” lease option deals, where I’m assuming investors put 20% down, does the investor intend to collect an option consideration that covers his original down payment?

Agree on not buying a coin operated washer and dryer, the ROI of collecting the coins vs. the rent you charge just does not make sense.