Does anyone have or know any resources for analyzing car washes? There are a couple of car washes in my local area that are for sale that I am interested in but do not know where to start. 

Quote from @Jessie Dillon: just my 2 cents.. i'm not a fan of the syndication model. there are better ways to invest more passively where you have more of a say in what goes on, can achieve higher returns, and can have your personal interests at a higher priority. 

Here are some key takeaways from our experience flipping homes and running a renovation business in San Diego.1.

Also, the whole SubTo model is a bit icky and can often get messy from what I've seen.

You can read about the differences here: Cost Segregation Study Approaches ExplainedLet’s first start with what the approaches:Detailed Engineering Approach from Actual Cost RecordsDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling Approach"Rule of Thumb" ApproachSo which of these approaches is required by the IRS?

I dont know your business model exactly but I assume you collect some referral fee from the supplier?

It's shifting to a model of a big anchor, a Target or a Costco, and lots of little businesses in that same shopping center. 

@Jordyn Ohs Suggest you run a financial model and assume 100% vacancy.

They did poor due diligence and a poor business model.  

I imagine this is a similar model to Redfin's associate agent program that pays by hour/tour.