In short, your best case scenario is a wash in terms of turnover costs vs. a rent raise.  

You’d be primarily attracting those that want Ladue schools-Wash U students are going to look primarily at the West End, U City and Clayton as they are within walking distance to campus.As for families looking within the school district,  a $2,500/mo budget gives them quite a few options for leasing as well as buying.  

If you've been in the business for a while and you have a flipping machine going on, fine, no problem.

You'll need drain plumbing for the washing machine.

One of my tenants washing machines just quit working (it doesn't fill with water), it was a pretty old machine and they have been in the house 3 years with no prior issues. 

They can give you guidance, help funnel you deals, and do the Realtor work for you so you don't have to.When looking for deals without a license - driving for dollars, buying absentee owner lists off propstream/deal machine etc, then writing letters, calling, and door hangers could be a good way to build traction.

Now, our friend would like to wash her hands of the property (and her grandmother) and reached out to see if we would be interested in purchasing.

@Shay Kent when he was making the percentage, how much was he making per year?

The stack washer and dryers are expensive and from my experience they don't seem to last too long I don't know what what type of rent you are getting but if can get away without a wash dryer I would do so.Sometimes i might add an appliance as a convenience but I don't assume any liability for repairs.

Ah if we had a time machine.