The two units would share a laundry area.

Buying property that needs work or it's in okay condition without utilizing a 203K FHA loan or other renovation loans to improve the property immediately & adding laundry, AC, more bedrooms or bathrooms or just remodeling the kitchens and baths.

The tenant would always put her clothes in the laundry for more than 3 days straight every time and don't take her close out from the laundry!

  $250/week is less than a local motel, plus they can cook and do laundry. 

Hondas do make for great work vehicles, especially when hauling a washing machine :wink: I did see this one time; as a youngster I worked at Lowes and helped people load heavy merhandise.

I would say that it was about a 8 cap at 90% leased.A few months after purchasing it I kicked everyone out, sunk a ton of money into it, turned the laundry room into an efficiency and made it a 13 unit complex.

In my market, in-unit laundry machines are a must. 

Have folks purchased refurbished machines from Laundry Solutions: https://www.123laundryshop.com...? 

He beat me up once in the laundry room.

Your underwriting on the deal can be relatively simple:GROSS MONTHLY RENT-Mortgage (PITI) -Utilities (power, water, gas)-Maintenance (landscaping, pool, pest control, etc)-Repairs + Capex (Assuming 10-20% of gross rents depending on age of property)+Additional income (Rubs, laundry, etc)=NET MONTHLY INCOME