Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.

Coincidentally, I had this exact same question when renewing our local STR license as they've moved to a system (unfortunately) where the cost of the license is based on the number of bedrooms.

SBA loans can also be used to acquire laundromats, but it can be tough for a few reasons, some of which apply to smaller size businesses in general.1) Cash nature of the business - This is changing over time as more mats are gaining card systems, but there are still mats out there that only take cash.

Rental properties are great for passive income, and I’ve weighed the benefits of local investments versus out-of-state opportunities.

The implication that anyone who pays for college education, or works at a 9 -5 job is stupid  Keep in mind it seems most guru's also lived in their moms garage and were broke until they found this super secrect system that they are now willing to share with you for the low low price of   :)

Transparency is also key, along with a solid follow-up system that can make all the difference.

Other than doing your own due diligence and managing the management, someone else does all the work.Direct through a turnkey provider or broker versus who?

Understand the difference between owning RE personally versus in a retirement plan. 

In the meantime I have been building my team and systems.

Do you have a full tenant screening system yet?