Looking to supplement income. 

I live in DC and my primary residence is in an A+ neighborhood, so the cash flow will not be as great once I move out and start renting it, but i will benefit from long term appreciation, which I view as something to cash out for say a child's college education fund, or supplementing retirement.

FutureSince we’ve owned the property for a little over a year, I am looking into options to take out a supplemental loan.

The main benefits of attended stores are that someone is there keeping the place clean at all times (ideally), someone is watching your equipment so people don't abuse it, someone is there to help customers when there is a problem with a machine, and you can offer other services to supplement the laundromat, like a fluff and fold service or a small store.Verifying the financials is the trickiest part of buying a laundromat because it is an all cash business.

This increased our monthly mortgage by $1k dollars, we used some of the money to supplement towards our mortgage each and kept our individual costs towards the mortgage relatively low about $800 each.

We just got hit with the supplemental tax.

Are you looking to supplement your income with a few hundred $$ in rental income?

I won't spend too much time going over what a Series LLC is because there are hundreds of threads on the topic, but I wanted to share the language that I included in the 'Supplemental Provisions/Information' section of Texas Form 204 - Certificate of Formation Limited Liability Company. 

The previous owner had a u-haul business there, but it didn't seem to bring in that much $$$.What other services do you provide to help supplement additional income from just the storage aspects? 

It sounds like her father needs/wants the cash flow to live on / supplement.