Also, most down payment assistance programs are compatible with the NACA program, but the funds are used to buy down the interest rate since NACA is a no-down payment program, and the interest rate buy down is a more effective use of the funds anyway.I do have to express a note of caution about Marcus Cannady's comment, "This program is definitely NOT for an investor, however....surely there are ways to hack this".

I have a few ideas but I'd rather start with something effective right from the get-go!

That may be a more cost effective and elegant solution.

Mostly because we were effectively lending borrowed money, and in come cases wrap around financing.

Something to the effect of "looking for reputable wholesalers in X market"  Trust me they will flock to you.  

It might not be worth it considering these new rules above (effective Feb 1 2017). 

Thanks Steve Vaughan I'm going to have to check up on that cause she does not want it to effect her taxes .

FB ads I have found to be the most effective.

This would allow me to:charge more for rent thanks to the added amenityreally differentiate the apartments from others in the area, since no other apartments around have this featurecompete more effectively against SFH rentals in the area (this suburb has a lot of them) since most SFH have in-home laundryObviously the downsides are potential for abuse of the machines (requiring added maintenance calls and potentially replacement costs), lost income from pay-machines in the basement, lost closet space and initial investment to install plumbing/venting and purchase appliances.Interested to hear arguments for either side of this.

Actual Cash Value coverage on the building will definitely be affected by the age.Each Insurance company has to file their own Underwriting Guidelines with each state so the effect of the claim will depend on the company.