Your income has to cover that, plus any maintenance to the machines, as well as your time to collect the money.For a single pair of machines, a speedqueen could cost $1000 per unit or $2000.

Here are the details2bed / 2bath 1000 sqft Purchase Price: 98K, Seller paying 2K towards closing costsHOA: $175Vacancy: 1/12 (8.33%)Taxes: $400/yearInsurance: $450/yearDebt Service: $390 (25% down)Maintenance / CapEx: 5% of Rent: $495/YearAll Expenses: $675Comparable rents in the area: $900 (same complex), with some upgrades could get to 950-1000. 

(By the way you never own anything,even after the mortgage or car payment is complete there is always tax payments and maintenance).

This comes from the tax professional, owner of a tax service franchise, for whom I work: "All legal expenses for a business are tax deductible as business expenses."

After several emails with the sellers realtor regarding a commercial multi-family, they stated the following:"There is much information (detailed maintenance, tax returns, costs, etc.) that they will be glad to make available during a due diligence period with a contract and a paid deposit."

Then use a web based application taking service like rentmarketplace dot com to take applications and do credit check.Read in the landlording forums on how to screen, write your ad (besure to put your written requirements at the bottom of your ad so applicants know before they call).In time you may decide to turn over management to a property manager, or an agent.  

I have bought a house in the city of Philadelphia July 2016, the recording happened on that time and it has been a year so far , I was selling the property but the buyer insisted on using certain title company which made all things complicated and asked about the notices were sent by the sheriff's office to the old owner, which I never had or received or even sent to me that the Sherrif's send a notice to the old owner.Philadelphia county law said if it is a vacant property the redemption period is nothing ( this property was vacant for 10 years) if the property was occupied it is 9 months from the sale ( usually becomes a year with the recording time ), which already also elapsed, the title company who was closing the deal refused closing and asked me to do A quiet title action or lawsuit , so the old owner or his hires won't have any rights or legally won't have any rights in the property, then I was about to file that but the City officials who are responsible for the court process advised me that this case will be complicated because I will have to find that old owner who does not have any rights legally now already and service him the court case or his hires if he is dead.I am seeking your advice on the matter, and if you know any title company that is aware of the right laws and will to close for me this deal with any buyer please help me Ehab T.

How do you protect yourself and provide great and quick service to an investor?

I am still a little on the fence morally about going into the markets devastated by the Hurricanes (Houston, Tampa, Naples, Jacksonville, Corpus Christi, Galveston), BUT I was somewhat convinced by a fellow wholesaler that we are doing many of those people a service. 

Levels of service vary.