Laundromats are open to the public, and if the local neighborhood has a high crime rate and transient population, those can be potentially expensive problems that can affect your business.

I also want to purchase and repurpose unused spaces around various metro areas myself someday and I figured what a great way learn by helping someone else succeed.

I own a commercial unit, and I’m trying to determine a fair rental rate for the space.

I don't know anything about that space, but it sounds like a helluva grind and time-intensive venture.

That’s why my original post focuses on what can be done within that space to address affordability.

.- As your portfolio grows, reinvest profits into larger multifamily, co-living spaces, or boutique hotels for traveling professionals.Final Thought: Real Estate Is About Ownership, But Business Is About ScaleIf you want to quit your corporate job and transition into real estate full-time, owning a few rental properties isn’t enough.

I’ve met several investors in the area and I’m always interested in expanding my network and talking with others in the REI space.  

Quote from @Grant Francke: For those with using Buildium for property management software, do you use Buildium's public site or do you use a website you have made and maintain?

.: I recently did some data crunching on Zillow's public datasets.

Publication 15, Employer's Tax Guide, says only this much:...Payments for the services of a child under age 18 who works for their parent in a trade or business aren't subject to social security andMedicare taxes...No definition, and IRS publications are not really law anyway.