Their priority is to get their car loan and cell phone bill paid..or else!

What city/market is this car wash in? 

There were a couple times that car problems came up and we skipped payments, so they never really got that far ahead.

Tenants and neighbors can use these to wash their cars.

The tenant asked if he could paint the backyard patio and driveway (we have a rear entrance for cars from the alley).

Seeing 3rd quarter 2019 had zero sold, recognize this graph is on a small to very small sample size.This is like buying a $50k car that depreciates to $10k then due to an event (such as Covid) the car is now $20k and saying the car has not deprecated.  

Now that I’ve ditched the car loan and the credit card debt, I’m ready to become an investor. 

Like Detroit, Saint Louis is incredibly "block by block" where one area is experiencing gentrification or at least just a stable middle class feel and that might only be 100 yards away from a street that will be un rentable, un managemeable, and honestly a bad place to get out of your car.  

I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)

It's like the head gasket on a car engine, the part is cheap, but the labor to disassemble everything and re-assemble is intensive.