Hello all, my business partner and I started BRRR's in Texas in 2023.

You will have spent real money to get financial reports that likely show a combination of mismanagement (but likely not illegal) and general inept business decisions, which still won't get you money.I am sorry you had this experience.

If the IRS gets busy auditing them, maybe they will leave you alone.

You have to be a serious individual that takes care business.

We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.

Shaq doesn't get half the credit he deserves for his business savvy.

I would advise anyone seriously considering buying a laundromat to bring in a technician to do due diligence with you.

Thats why you see lack of ADA compliance in small businesses.  

Since companies have a limited lifespan (10–18 years on average), cities must attract new businesses to maintain job opportunities.Factors Companies Consider:Low Operating Costs: States with lower property taxes and insurance costs.Low Crime Rates: High-crime cities deter businesses and tenants alike.Natural Disaster Risks: Avoid areas prone to disasters, as recovery can take years, impacting your rental income.City Size and InfrastructureFocus on cities with metro populations over 1 million.

It's also good to read local business journals and visit the chamber of commerce website.