By nature, the square footage of the urban abode is significantly less than a similar priced suburban or exurban dwelling.In 1920s a complex called Tutor City was build in Midtown Manhattan near the East River.  

(hint: it didn't even require a tool) There are times though when it makes a lot of sense to let the professionals do their thing - I will install fans , electrical outlets , toilets, garbage disposals, shower heads and other menial tasks  - but when it comes to outdoor ( high voltage) electricity , large trees, A/C work, and things of that nature  - I let the pros do the work.    

. § 14-11-702, which reads as follws: (b) Without excluding other activities which may not constitute transacting business in this state, a foreign limited liability company shall not be considered to be transacting business in this state, for the purpose of qualification under this chapter, solely by reason of carrying on in this state any one or more of the following activities: (1) Maintaining or defending any action or administrative or arbitration proceeding or effecting the settlement thereof or the settlement of claims or disputes; (2) Holding meetings of its managers, members, or other owners or carrying on other activities concerning its internal affairs; (3) Maintaining bank accounts, share accounts in savings and loan associations, custodial or agency arrangements with a bank or trust company, or stock or bond brokerage accounts; (4) Maintaining offices or agencies for the transfer, exchange, and registration of membership or other ownership interests in it or appointing and maintaining trustees or depositaries with relation to such interests; (5) Effecting sales through independent contractors; (6) Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, where such orders require acceptance outside this state before becoming binding contracts and where such contracts do not involve any local performance other than delivery and installation; (7) Making loans or creating or acquiring evidences of debt, mortgages, or liens on real or personal property or recording the same; (8) Securing or collecting debts or enforcing any rights in property securing the same; (9) Owning, without more, real or personal property; (10) Conducting an isolated transaction not in the course of a number of repeated transactions of a like nature; (11) Effecting transactions in interstate or foreign commerce; (12) Serving as trustee, executor, administrator, or guardian, or in like fiduciary capacity, where permitted so to serve by the laws of this state; or (13) Owning directly or indirectly an interest in or controlling directly or indirectly another person organized under the laws of or transacting business within this state.Good luck!

I’m new to this and want to focus on the natural pitfalls of property management so I can grow processes to help the people and thus business succeed.

I have considered offering a similar arrangement for window AC units but doubt it would be worthwhile due to the seasonal nature and added labor cost for installation and removal each year.I think that offering a washer and dryer is a nice amenity and can make a little money in the right situation (either from a laundry fee or as additional rent) but I doubt that the added cost and maintenance of coin operated machines would make it worthwhile in a 2 unit building.

If you have 100k cash to invest there are a ton of other alternatives passive in nature with just as high or better overall IRR year over year.I looked at buying businesses before but unless you go big where business makes 200k and up profit it is hard to be passive and have layers of management in place for the cash flow stream.

(a) No landlord shall rent or cause to be rented any unit in which the tenant is responsible by agreement, implication, or otherwise for direct payment for utility service to the utility company and in which the utility company billing for that service includes any service to common areas of the building or other units or areas used or occupied by persons other than the individual tenant and those occupying the unit with the tenant on the utility account, unless, before offering an initial lease or a renewal lease, accepting a security deposit, or otherwise entering into an agreement with the prospective tenant to let the premises: (1) The landlord provides the prospective tenant with a written statement setting forth the specific areas of the building and any appurtenances that are served by the meter that will be in the tenant's name and the nature of the utility uses of those areas, including any that have not been reflected in past utility company billings but that may arise (such as the rental of a neighboring unit that has been vacant, the installation of washers and driers in the basement, or the use of the garage for mechanics); (2) The landlord provides the prospective tenant with copies of the utility bills for the unit for the previous 12 months, unless waived by the tenant in writing; (3) The landlord neither suggests nor requires the tenant to collect any money for utility bills from neighboring tenants whose utility usage will be reflected in the prospective tenant's utility company billings; and (4) The landlord sets forth in writing the amount of the proposed rent reduction, if any, that is offered to compensate for the tenant's payments for utility usage outside of the tenant's unit.

Why in the world would you want to get rid of that beautiful ceramic tiles???

When i take pics of my properties (I am not a professional), even I know to raise the blinds to let in natural light.

Assuming you've bought a well-done turnkey property at an acceptable price, and that you are in a stable/growing market, natural market forces are going to carry you over time.