I gave the option for all tenants to pay $15 extra a month for use of the machines(costs about half as much as a laundromat in the area) and 3 out of 5 of my units opted to pay the fee via a lease addendum.The problem I'm running into is that the storage room is not being kept locked, and one of the tenants(for good reason) is complaining that the door is either being left unlocked or propped open.Now, I've looked into coin operated machines, and they cost about 3x what the standard machines cost, and they have HORRIBLE reviews for the low end models.

I'm assuming we're talking about a standard lease-option where she puts up a reasonable NROC.

Money is fairly cheap (by historical standards) so get it while you can. 

They're a standard Schlage electronic lock with a chip built in that allows for remote configuration.

Perhaps you can find a seller who will agree to a deal that give them their "equity" now...but leaves their mortgage in place for a 12 months or so (just until you can bring the house up to conventional lending standards.)  

Doing this strategy on your own properties is much safer and a profitable alternative to the standard rental. 

User does not need any digits expect for the ones used to push the door bell (pun intended).Low tech option - put a standard lockbox on the door.

I just don't see a few hundred dollars as exciting, especially if you're putting up big $$ for a new construction.. think about it, if it's just a washer or dryer that need to be fixed, or new coat of paint, make sure to look at houses from a renters standard--not your own.  

Dear Franchot:  In Colorado the State Division of Real Estate has, on their website, standard notes and deeds of trust for use by colorado real estate brokers.  

Is a 10% ROI typically achievable in the Denver area or should I start to lower my standard to around 7% or 8%.