@Alecia Loveless thank you so much for knowledgeable reply, thats what i been hearing so far through lot of members here in BP.

The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;

I'm in the Charlotte,North Carolina area and looking to get into the laundromat business if you have any advice or knowledge on the subject please let me know.

I have met him and to my knowledge he is an upstanding person.

And you have to really know the market and area we did not have the time to drive everything you just had to already have knowledge of the area and what the parcels looked like etc..

Super helpful and their CEO Zach is very knowledgeable and obviously cares about making sure his clients are taken care of.

there would be no way you would get financed for this given your lack of knowledge of the subject..

So depend on which turnkey company you work with, sometimes it's not that expensive than do it yourself, but you will get the knowledge and experience from that company.   

I've got 2 condos, a 2 bed at Maui Banyan and a 1 bed next door at Kihei Akahi.I'd definitely agree with @Patrick Franta - from my experience as well, the 1 bed unit has performed better.Also props to @Mike Neubauer for sharing his knowledge and experience with me - I'd definitely recommend you take him up on his offer if you have questions etc.I recently heard that the County of Maui is considering a ~50% increase in property tax for short term rentals from the current $9.37 rate to $15.41, equal to what time share units pay.

Have some fundamental knowledge before you run in and buy, I seen a lot of people who didn't understand it got the fomo and spent all their money.