It's a Plus for your tenants.. would I want to lug laundry down the block or down to the basement.. your tenants will stay longer, and you'll rent the units out quicker. overall original start up on anything is a cost consideration.. call around for quotes on lease options.. ask if they have used machines for sale ... check craigslist for used machines. 

Justin, You need to understand if you feel comfortable with it, then go for it, but if you don't then it'll give you nothing but problems and grief. 

Some will stay flat.

Welcome @Stephen Smith Stay plugged in to the podcast and forums and then attend meetups.

For that reason we chose to stay in Buda on the NW side where there is a lot of new development including a new High School (under construction) and elementary and middles schools that are ranked well.  

Stay motivated, read and research, and you will do well. 

Preferably in the next 5 years or so.I would retire today and live on about $40,000 per year and stay within the 4% SWR.I can pay off about $10,000 per month on the properties.What should I do to get there faster? 

Most people under 60 now are comfortable with technology and will be willing to embrace self driving cars in 20 years when the technology becomes common and their need for it develops.

Couple of rules to implement: no pets, no significant others staying over more than a weekend's time, no mini fridges or heaters.

Granted, my larger houses may also have only 2 toilets, but there can be  3-6 guys staying in there.