It's supposed to ensure there are no surprises after closing.

I was surprised to see no flooding left behind.

I find it surprising that you think taking 40% off the top will be close to netting what I do now without that management fee.

But 100% relevancy is not hard to reach if you think your way through it.While I'm a little sad to hear that your method doesn't offer overnight rapid success, I'm not surprised either and actually a little relieved as I can now skip the kicking of myself.

Inherited tenants make up a huge proportion of the bad tenant stories we see here, because they're often the reason the place was for sale... it's not surprising to see a seller claiming all is good, when one hasn't paid in half a year.

@Richard Dekok I’m kind of surprised you are only cash flowing $299 from a paid off house.

I will be sure to use this as a tool to help my future clients understand before they are surprised by it like I was! 

Moving a coin laundry is a lot more complicated than moving a dress shop or a convenience store.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Every landlord who has owned properties long enough gets surprised by a higher than normal water bill and this is typically the culprit in my experience.