So like an employee would get a W2 that summarizes their income and taxes taken out, a 1099 is a statement of income, but typically with NO taxes taken out - just a straight payment amount.

Rent rates have increased for nearly 15 years straight and property values hit a peak in 2023.

Finally a straight answer from someone.

As you get into under 20 the financing, from what i can see, probably will more straight forward buy situation.  

I see too many investors who go straight to LLC creation and end up naming themselves or themselves and their spouse as members of the LLC without proper estate planning considerations. 

If you have an ownership LLC and a management LLC, you will start having a lot of different signature blocks that all need to be kept straight.  

You are not doing it for the action of doing it, you are doing it to be successful.  90%+ of the people doing it never get a deal from it.Imagine 2 investors, none have money, and both want to become successful.Investor A, drives for dollars, knocks on doors, and starts cold calling random people, while Investor B, gets a job at McD and works for 4 months straight saving every dollar after which he runs a Facebook ads campaign with that money.Not only will investor B have a far more reliably higher probability to get the first deal, but also a second and third deal from that one-time investment of effort and money.Lists have a 0.001% to 0.01% success rate.

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.

The Straight Up Chicago Investor's Podcast is a place you might start.

At least here in Denver and Colorado Springs, there are certainly homes woth walk-out basements that could be rented out, but there's also a style of home from late '50s, early '60s that have a back door that goes straight down into the basement or turns into the kitchen.