Assuming that you're not the renter the OP is talking about -1.

The OP here in this thread has found the IRS was not given notice. 

That point is not driven home or mentioned at all in the OPs 'blog'. 

@Chad McMahanThe OP is looking to invest about $100k cash and net $25-40k after debt service.

Read my first thread which I linked to in the OP for more details, and feel free to ask on here any questions.

Although the OP already posted that it was her mistake in posting that it was the dryer rather than the washer that was causing the reported leak, there are dryers that are called "condensing dryers"; condensing dryers are big in Europe, and are used in situations where venting to the exterior is not feasible so the use of the drain to dispose of water removed during drying is how they work.

Don't forget to include other income if it's there, like coin op laundry, storage or garage rentals, vending machines,  if you have 50% vacant units your coin op laundry income will be 50% too.

The OP is doing his research to make an informed decision, which is ultimately what all investors do and need to get better at.

My parents currently own a co-op in Queens which I would like to sell, for around 200,000+ (based on previous sales).  

Since the OP did not supply this, here is the actual wording so we know what we are debating :).