These houses are fairly big size within an in-law portion with in the house (not an ADU). if we rent out the in-law portion separately, would there be privacy concerns for the main house renters?

Plenty of building code considerations I'm sure given hot water heater right there.My first thought to monetize is to lease commercial grade equipment - maybe 2 stackable W/D - with revenue-sharing from a company that would provide the equipment at no up front cost and handle maintenance.

This is concerning because I will likely relive this situation over and over again because of the neighbor.

Thanks for any thoughts or stories you would like to share. 

I've spent a good amount of time in flips and long-term rentals and I'm always happy to share insights.

I would let him know that any unused rent money would be refunded, along with his deposit, assuming he meets the lease requirements.Personal opinion based on the information shared.

We use the RHAWA lease agreement, if you are not a member of that organization or WLA, I would recommend you sign up.In the RHAWA lease agreement (not Seattle specific), it states that security deposit can be used all purposes including unpaid rent, damage, cleaning, late payment, utilities, keys and other charges.It is never a bad idea to pay for an hour of an attorney's time to go over any of these concerns and then you can be confident you are following the law.

Experienced investors frequently share their tactics, advice, and success stories at these gatherings.Be Proactive and Persistent: Networking takes time and effort, so be proactive in reaching out to investors and professionals in the Lawrence/KC area.

@Jack B.Check on the NIIT 3.8% if you are REPS that could be excluded but this may add other layers of complexity for other concerns with your tax planning you have a lot of fun stuff to work with.   

However, similar to understanding the property market, I require assistance when it comes to discovering unfamiliar places.If you are good at investing and also at traveling, please share what you know.