Helped us pay off the mortgage, now we are paid to live here after paying all expenses like taxes, insurance, utilities,  internet,  etc👍 

He was netting 30,000 monthly with these running 24x7.My goal is to assess the value of business without game machine license and with gas.Scenario 1:Terms if I assume his lease and pay him off at 250,000.Rent 8200 (somewhat negotiable)Utility 1500Payroll 6000Insurance/internet 350Current Inside Sales: 45000Current lottery commission: $3000Gas when pumps were working: 20,000 gallons at 30c.Based on these numbers, I am guessing he is putting money into this business without working pumps and no game machines.

I hope Mario can mitigage his losses by selling the property quickly to stop the bleeding, or re-tenant and refinance to less expensive debt but this serves as a case study on the perils of investing in lower tier neighborhoods.The amount of people on the internet and social media selling the false narrative of how easy it is to create wealth through investing in real estate, specifically these lower tier neighborhoods is upsetting. 

I ransacked the internet and found my home address listed as active/available to show" the listing was published Jan7th and the went inactive/unavailable/expire listing on the date FEB 5th and the request to show the townhome was FEB 6TH  SAhe did the inspection the week prior and likely report the townhome almost move in ready to the landlor and then suddenly my inspection guy that did my "move-out-inpection" was in their for a second opinion and the her property management said "oh that was not your move-out inspection.

Next time, I have a basis for the quote and don't have to ask the internet if I'm getting ripped off. 

He bought an ice fishing cabin for pennies in a location that you, I, and all the other clowns talking about real estate on the internet would never know about.

In the internet ages its easy to get black listed as an Investor.. 

Researching and managing properties from a distance is made simpler by technology and internet tools.Real estate for business and residential purposes differs.

Wayfair is not a retailer, they are a drop shipper who scrapes most furniture retailers on the internet. 

Guests, just like those at your personal residence, require all sorts of amenities we don't often think of beyond the heating, cooling, water, waste, electricity and internet that hosts are responsible for.