Within the first week, we got two, identical cash offers for $400k.

Last time I did hardwood floors, I only saved $500 after calculating all of the materials and rental equipment.  

Also, make sure that the building has tall ceilings to accommodate the larger medical equipment.

Both the sites I purchased property from were nearly identical in their process.  

I definitely do not recommend buying the equipment and trying to get someone else to install it or do it yourself.  

Want to see where rates are going to go.Building StatsBuilding Type: Light Industrial building with good roof, large laydown land surrounding the building (good for big equipment and trucks) and a brand new fence encircling the property.

But just letting you know I am in a nearly identical position.

@Joseph Dimaria Trusts are designed to conceal the identity of the beneficiary.  

And the units are identical.  

I have wanted to buy something in this neighborhood for a long time.I have networked with someone who is recommending setting this up as a rooming house, no leases but billed monthly (not weekly).Here's how it pencils out:Purchase price: $100,000 // +$5,000 for conventional mortgage closing(An identical duplex on the same street recently sold for $123,000)Initial renovations: $5,000Rent:$500 x 8 = $4,000/monthIncome - Coin Laundry:$200/monthTotal income:$4,200Monthly Expense Breakdown:Debt service: $800 (P/I/T/I)Management: $400Repairs: $400Capex savings: $400Gas: $150Electric: $150Water: $150Internet/Cable: $150Vacancy: $750 (planning on 1-2 rooms empty a month)Total monthly expense:TOTAL: $3,350Cash flow:TOTAL: $8,500QUESTIONS:1) Do these numbers seem conservative?