I would have a conversation with the tenant, and then after that if you determine that’s in your best interest and theirs to seek out a new tenant give them plenty of time and make sure you leave amicably because in case you get more rentals and they are looking in the future, I have a higher income that relationship is sure to last, which means that you have guaranteed business in the future.

Austin tx is not as bright but the future market of Austin is promising!

The problem is you don’t know who is or isn’t until after their future forecast is either confirmed or denied.

Experts suggest this may be wise for businesses with simpler structures to avoid future headaches.2.

Many laundromats take card payments these days, which is very helpful in verifying revenue.Look at the lease terms – long-term leases with reasonable rent increases are important for keeping costs predictable, and can also be important for securing financing.Also, check out the equipment and figure out what repairs or upgrades might be needed in the near future.

That they wanted "Cheap" buys, not intelligent buy's, not data driven buys, not future casting buys, just "cheap". 

Haha, but you know what they say - past performance is no guarantee of future results. 

I’ve been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.While I haven’t owned any property yet, I’m hoping to take that step in the near future.

(unless in the future we decide to move them into a Multi-member LLC then we will file as a partnership?)

In order to help finance the care, we are currently renting house and foresee needing to draw equity from it in the future.