These are typically 1-1.5% less than an equivalent term fixed-rate financing - either you pay the lender to hedge interest rates (fixed-rate product) or you hedge them yourself (use a variable rate, but set your payments as though you were using a fixed-rate products).If you search the forums, there are longer, more compete treatise on Canadian mortgages and strategies to which I and others have contributed in the past - I'm just never able to find them when I need to reference them (@Mindy Jensen - where's my virtual cork-board ;-) )

.….my assumption was that the proper rehab would be done so that there's virtually no repairs needed for a few years.

drive for $ use an app called land glide or deal machine and it will tell you which owners don't live in the properties that you see. 

This may not be a full time job, but it takes a lot of time and energy to make sure that the properties are operating like a well-oiled machine. 

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.

I am not a fan of coin opp servicing companies that let machines stay broke for a long period of time and then take a majority of the income for their poor service.Turning the property around will take at least 6 months since there is a lot to do.

Whether investors have written out New Year’s resolutions or annual goals, virtually everyone has aspirations to make more money in 2018.

Serious Real Estate Investors Use LLCs: While brand new investors often try to bargain and justify reasons for not using LLCs or other forms of incorporation, all of New York’s biggest are virtually done in the name of LLCs.

It's hard to compete with a machine like that, ya know.

Suggestions:If the tenant pays for their own water in their apartment, it would be simple to run a line / lines to the washer from their plumbing.If the owner pays all water/sewer, owner might want to establish a 'base line' figure, and above that amount will be charged to the tenant.Lastly, you could purchase and install coin-op machines, and let them wash as they will.