but my common coin op laundry's tend to pay themselves off in 1.5-2 years time.

You'll also probably get the wrong stuff, and the wrong amount of it, and piss everyone off and hold up the job.

Hi All,I was able to find a seller that is looking to offload a whole portfolio in the Cincinnati area of multi family buildings (80 doors in total, 8 buildings from triplex to 25 units) it's all off market and all units look to be in good condition but dated (baths/kitchen) so great value add properties.I have NO experience with commercial buildings or Syndication of this proportions , he wants $7.5M for the whole portfolio. 

I am a new investor and I want to buy a six unit property in Atlantic City the property is being sold at $475k I’m offering $450k 5 units are rented and one is vacant and it needs work I leave in the area and I own a home remodeling business so I can do the work myself for very low cost.

It's not foolproof but it certainly helps preventing us from getting ripped off.  

I'm just lacking the knowledge as far as starting the business off correctly as far as LLC's and being legally set up beforehand.

I know I'll get "beat up" here on BP for even suggesting paying everything off :) but I'm at the point where I'm ready to stop scaling (for now) and have everything paid off.I'm really struggling to find an Avalanche Debt Payoff Calculator for mortgages.Everything I find is just for general consumer debt. 

If i can write off property management fees as an expense, can I pay myself (either as a sole proprietor or LLC) then write that off as an expense as well?

Or am I off?

THAT'S when people groan that they got ripped off.