selling a corner store but keeping control of the property.

[Vincent Dych]

so I have a business idea I'd like to get some input on.

the idea is to buy corner properties (preferably already permitted for mixed use) rent out the upstairs into one or two apartments, and operate a mini market, or a mini market/ hoagie shop on the bottom. the plan would be to sell the business after it gets it's legs as a turnkey business, use that money to pay off the mortgage and hopefully have enough to then have a down payment so I can rinse and repeat the process.

question is, would anyone want to purchase a turnkey business that they then have to pay rent for? I would want to remain in control of the whole building, so that I can eventually retire off the rents. Ideally, I'd like for the upstairs apartment(s) to be able to cover the operating costs of the building, in case the business were to go under. And correct me if I'm wrong, say I want the business to expand before selling it, would I then be able to "write off" or offset my taxable income, if I were to purchase it under the business name?

long story short, the ultimate goal here is to obviously own and control real estate, but using a business entity to accelerate the process while hopefully getting favorable tax incentives in the process.

hopefully I'm on the right track here lol