Right now, anyone that stays beyond a year is slightly below market and those with multiple years are getting a deal. 

We were told multiple times that we would have to speak to the owner about the issue, yet he would never return our calls.

Lots of regulation and licensing involved to run that kinda thing like a real business, especially if you are going into multiple states. 

I've done multiple tear offs and you're budget (assuming a standard building on a standard 25x125) is in the $8000 to $12000 range depending upon the extent of plywood replacement and R value on the insulation you put in.

@James Paine @Chris Strokes we are Turn Key providers, and have a cast network of contacts for other providers that we work closely with in multiple markets.

I ask if they loan to investors with multiple mortgages and if they do cash-out refinances.

keep it for the rents or flip for the quick cash. the neighborhood is ok walkable close to NYC i go into this part of town to look at properties and there is aways multiple offers on them. this time i win 

The last building that I was recently interested in sold at a 5 CAP at full asking price, 25% vacant and had multiple offers at that price.

You can also read the wealth of information here while your on down times and participate in the forums.The questions you have about REI are answered here in multiple forms via podcast, blogs, forums post, etc.You would be surprised how much you will learn just by engaging with this community.

Based on the parts costs for each of the multiple control boards that could be the problem (dryer apparently has three) I think I'll opt to simply buy a new unit that I know will work rather than risk throwing good money after bad.