it was a bank owned project they wanted me to buy but it was too far out of our core area which was Jackson for me to pull the trigger.. but I loved how the guy set it up.. no dry wall.. 

This also ignores the supply issue, concessions, higher marketing costs, or class A so it's not a cut and dry answer.Lastly, consider the potential distress in office, retail, and hospitality assets and that PE funds and developers are foaming at the mouth to get a piece of the pie.

You can even prohibit drying of clothes outside, commercial signs, etc. based on what other landlords have seen in the past.

.- REMOVE CARPET MATERIAL ON BASEMENT FLOOR AND UP STAIRS- REMOVE BASEBOARD; DOOR CASINGS AND INTERIOR DOORS- REMOVE SHEETROCK UP TO 84” HEIGHT OFF OF FLOOR- REMOVE WALL TILE AND SHEETROCK SUBSTRATE IN BATHROOM – SAVE TUB/SHOWER FAUCET & TRIMS- REMOVE BATHROOM VANITY – SAVE FAUCET- SAVE TOILET, TUB AND TUB GLASS DOOR- LEAVE HVAC AND HOT WATER HEATER IN PLACE FOR INSPECTION- LEAVE ALL ELECTRIC IN PLACE FOR INSPECTION- LEAVE FRAMING IN PLACE FOR INSPECTION- REMOVE INSULATION ON OUTSIDE WALLS- NO CEILING WORK- REMOVE STAIR TRIM THAT WAS UNDER WATER – LEAVE TREADS AND RISERS IN PLACE.3.DEHUMIDIFYING AND DRYING AFTER WATER DAMAGE REMOVALS ABOVE:- PLACE POWERFUL DEHUMIDIFIER TO REMOVE THE ADDED MOISTURE THAT REMAINS IN THE BASEMENT AIR.- PLACE INDUSTRIAL AIR MOVERS THAT MOVE A TREMENDOUS AMOUNT OF AIR TO SPEED THE DRYING PROCESS.4.SANITIZING AND ODOR REMOVAL (IF ANY) ARE NOT INCLUDED HERE AND WILLBE PART OF THE RESTORATION PROCESS.5.JOBSITE AREA WILL BE COMPLETELY CLEANED UP AND ALL DEBRIS REMOVEDOFF SITE.6.EMERGENCY BOARD UP SERVICE ON 7/23/11 TO PROTECT PROPERTY.7.SEND DIGITAL IMAGES OF COMPLETED WORK.CONTRACT PRICE BELOW REPRESENTS $3000.00 FOR THE DEMO WORK AND $200.00 FOR THE EMERGENCY BOARD UP.CONTRACT PRICE:$3,200.00PAYABLE AS FOLLOWS:$ 3,200.00- UPON SUBSTANTIAL COMPLETION; TO BE WIRED ON 7/25/11

We want to you to use our money again and again, just like shampoo, rinse and repeat, and if you don't make a good profit on the first deal you will never want to do it again.The Borrower - I want to know your experience; Yes, REI education counts, but not as much as a completed project. 

studies have shown that 75% to 80% of dry cleaners have leaked.

And then the bugs, oh so many bugs, mosquitos the size of taradactles, they actually wink at you as they are sucking you dry. 

Since then, I've had the dry walls removed and left heaters/dehumidifiers running around the clock absorbing every bit of moisture.

-trade your time right now via w2 --focus on faang, do you what you do best hire out the rest. faang for a few years will prepare your war chest and dry powder for taking on real estate where a big problem for newer investors is not budgeting enough/keeping reserves-invest passively meanwhile (LP in syndications/PE and start to at least network, build your team-OOS STR needs a good BOTG, your geographical focus etc)-househack while you live locally, from day 0. this will add tremendous experience to your future projects. get preapproved, explore your options. sfh rent out rooms if dti is no issue. or 2-4 unit fha 3.5% or conv 15% etcyou're in a great position!

From the looks of the second picture, there might be someone trying to dry unfaced batts of fiberglass insulation in your dryer.