On the other hand, if you can pick it up cheap enough and use it as a backyard, and someday miracles happen and politicians quit their idol worship, you would have it and be able to develop.

I hit him up for some eyesores that he would let go cheap to get fixed up and turn into lot rent for him.

I did this because the apartment was cheap and used the horrible 120 volt electric driers that took 3 runs to actually dry a full load of clothes (they were piped wrong as well).Anyway, moral of the story, you will most likely not get an engineering student who is bored and anal enough to do a cost analysis on his laundry lol.Here's a quick summary of what it costs to do laundry with Anchorage electricity prices:

I normally avoid warranties like the plague, but Lowes has pretty cheap appliance warranties if you package them up and I am just curious if that cost would be tied to the appliance price and depreciated.

Some all wood cabinets can take some water abuse and still hold up but many cabinets that have the cheap board construction will fall apart quickly from the leak.

The tenants tend to be desperate for cash and will settle for cheap if there is a valid claim.No legal advice.

Plus keep in mind to maybe not give it the standard cheap apartment feel either.Is your target clientelle the college students?

Pretty cheap to do, we pick up a stack of blank slips at the branch once in a while and had an ink stamp made up with our account name and info.Keep it simple!  

Having an umbrella policy in place to cover the LLC is a very cheap insurance policy to help avoid this attempt.

Turnkey operators are buying cheap houses and over improving them.