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.  

A more cost effective and potentially higher success route would be to use a Location Service. 

Mark Poulton ... and how effective are you at collecting that 3X rent charge?

Also for me, it doesnt help that the state nickle and dimes you for taxes on everything it seems like.Actually, CA has some of the lowest effective property tax rates in the nation ... they are low to begin with, and then with time and Prop 13 they get even lower.

We have several properties in mind to purchase/rehab, hold for 2-5 years as our primary then sell.Just trying to leverage all of our deals without effecting our purchase abitility Thanks in advance,Maggie

I definitely want to go the BRRRR (buy, rehab, rent, refinance, repeat) route.I'm trying to focus on REO, HUD, foreclosures, preforeclosures, and bankruptcy properties that I can effectively use the BRRR method on.

It is more cost effective to start over than to unravel this and try to find a faulty party through the court as the court would tell you the same as well as an attorney if he is honest and experienced.

It will also be interesting to see how the lending business is effect if Dodd-Frank is repealed.

Learning by doing is still the most effective for most things.