In your case I would recommend you buy the $2000 machines and raise the rent. 95% of my prospective tenants would prefer a unit with the machines as opposed to the 5% who really don’t seem to mind the laundromat.

I highly recommend that you read The ABCs of Real Estate Investing by Ken McElroy.

Hi John, I recommend reaching out to a local property manager (search on Google Maps) with many 5-star reviews to see what legal action you can take before the Sheriff is available to execute the eviction.Property managers specialize in landlord-tenant law and should be able to help you determine a path forward that doesn't require waiting 3 months after the lease ends.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

Which calculator do you recommend that I use?

Thank you Ranjit :) Are there any RE meet ups you can recommend in your area?

I recommend you check out some other areas that have caught the eyes of many investors recently. 

Hi Shane, I have several recommendations: JV, Equity Sharing, Lease option, Sandwich Lease, owners financing with Wrag around, and Novation, to name a few.....

Our house is 2,776 square feet, has 4 bedrooms and 2 baths… https://postimg.cc/gallery/ppzpdgsGiven all that, what would you guys recommend?

And a thanks to Brian for the insightful comment.