if you are going to add value and cashflow the Laundromat, I'd assume that having the business produce the funds from profit to pay off the owner's note would be somewhat straight forward.If the deal makes sense and the cashflow is there I'd think a cary back would be a good way for the seller to get the number they want and for you to bring little or no downpayment.

In the event that you lack the time or experience to maintain the property yourself, think about devoting time and funds to repairs and property management by working with a property management business.

These are often used for difficult to insure trades or businesses (ie. medical Malpractice, asbestos removal, etc.). 

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business

There should be no point in time when you are working together and agreeing on the future of the business.  

I have never done a land trustWe have a living revocable trust that we set upHonestly I should have done it 15 years ago but did it like 6 years ago.I do not see the need for a land trust unless you are a politician, actor or athlete (someone who is famous).I have done business with multiple billionaires (not bragging but trying to make my point) including several that owned professional sports teams - and even they did not use land trusts…

I'm a full-time business owner seeking to move into passive investments.

Really evaluate how you run the business.

I know I need to start an LLC ( possibly several) and get a business bank account.

She has an established cleaning business and is expanding her services.