Stock and crypto are legalized gambling, as far as I am concerned and, like @Scott Trench, I am sure glad that my retirement is based heavily on real estate. 

Has a shared coin operated washer / dryer in the building common area.It is in a C class neighborhood, built about 1970.Purchase price was 470k,  plus about 10k in closing costs and I will put about 10k into repair/improvements.At possession on May 1st only 1 unit was rented @ 800 - the tenant has been there 1.5 years.I believe the market rent should be more in the range of $950.I put an advert on Kijiji saying there would be an open house on May 4th and got about 35+ people replied. 

Just a few points for you to consider, as every coin has 2 sides:1.

There is already on-site coin-op laundry machines (which are through a 3rd party operator, unsure what the income from these are).

New kind of crypto currency keep coming (Bitcoin, Etherium, lite coin…) in market every month… this is completely baseless.

On the flip side of the coin, the realtors on this site could tell story after story about all the tire kickers and buyers who flake out.Sorry you had to deal with this...you'll get one soon.Exactly this OP should be glad it only cost him a short stop at Cracker barrel.. 

That's some real coin!

Coin-Op laundry on site.

Laundry room coin operated: $100 average monthlyExpenses: $1,400 a month give or takeNET: a average of $1,400 give or takeHope this Helps as these are real numbers.  

Flip side to that coin: If the parents gift the property, it will have their carryover income tax basis.