This is not a beginner market its one of the more difficult municipality in the entire country to work in even experienced rehabbers pull their hair out The value of this property your offering is probably pretty close to zero or negative My clients pay 10 to 30k for these as is then put 80 to120 into them.

I really need the guidance of more experienced investors but I welcome all beginning and advance.  

I am not very experienced with this option but people I know always try to avoid leased laundry machines.  

Spread your risk, if you are young, experienced, old, novice does not matter RE investing is all about doing your homework, working with a good contact, partner, operator.

I am an experienced real estate investor that has enjoyed the success of my business over the past 15 years.

@Aaron Lamb,Personally, in your situation, I would a) Get educated (no better place than here)b) Network with real estate investors who are more experienced than youc) Help the experienced real estate investors grow their business by adding value to them.

Yes, I'll probably have to JV with a more experienced person on this one or at least get close guidance to make this work.

It takes an experienced Qualified Intermediary who understands the differences and knows how to works with the local laws, regulations and customs. 

I am nothing other than a experienced landlord who has learned a few things over the year.

New to investing but have an awesome experienced mentor.