ACTUAL Gross Rental Income: Based on Existing Rent Roll Submitted by Seller on 11/8 8 units/2 bedrooms @ 818 building $ 71,244 $ 742.13 8 units/ 2 bedrooms @ 842 building 71,064 $ 740.25 8 units/2 bedrooms @ 850 building 70,884 $ 738.38 $ 213,192 $ 740.25 Other Income-Washing Machines Est.

However it does resemble Monopoly money and you don’t want people subconsciously associating your business with a game.

If you're okay with that and want to play the appreciation game, then I can understand that but it's all speculative investing at that point.

Is it better to lock in housing costs in the area you want to be, or is it better to start the rental game asap even as an out of state investor newbie.Thanks all!

The current owner is Airbnbing them out for $800 per night for the games.

You can charge higher rent (~$50/mth); the tenant pays some - or perhaps all - the operating costs (electricity/gas, water, DHW); and you can use residential machines (A high-efficienty front-load laundry can be found for $1000.00 or less).   

My wife just fired her property management because the owner has been playing games about charging her repairs on her house without giving her the price before the works and deducted 3 months of the rents plus she also have to pay over $7,000 in addition to  the works which only partially done and ignored even after several complaints.

Or invest it in Real Estate.You could buy a bar (or some other business) with that money and let him run it (with your oversight) learning how to actually make money (vs being a wage slave), then after a few years turn it over to him (once he matures and only once he has some skin ($$$) in the game along with you).Just my 2 cents.

Those machines are much more expensive than residential ones.

Fay,i have to say it is a sexy looking machine.