@Todd Robertson there is profit in renting out a condo/townhome if the numbers make sense (HOA, property mgmt, taxes, vacancy).

The real value in having laundry onsite comes from reducing vacancy and turnover.

My model currently includes property management, vacancy and capex, but just as a 10%.

If I can get up to the market rate on the duplex, I would only have to pay $500/mo for my condo.I have about $30k in cash for repairs and vacancy situations.

As far as i know, tenants in single families tend to stay 3-5 years, so vacancy may be alil bit off.

In lower-end areas it is best to have a higher vacancy figure.

That's what a 2% vacancy factor.

And i just wanted to share that even with a whole host of bad situations (tenant breaking lease, constant vacancy, bad property manager, etc), we still managed a near 10% ROI.

At quick glance maybe the cash flow won't be so great when you factor in vacancy, repairs, cap ex, and property management. if you found the property on loopnet I'm assuming its a multi family.

A few things I would keep in mind as you evaluate this plan:1) make sure you are accounting for all expenses as you evaluate properties (Vacancy, maintenance, Capex, etc).