Laundry mats?

[John Barnette]

anyone have personal experience or advice regarding owning a laundry mat business AND building.  I would not want to own just the business.  Both.  I have heard that it CAN be extremely profitable but also quite time consuming.  I guess if you had a good location and owned the whole enchillada it would be a cash cow.  But rarely see them up for sale.

Can 1031 into the building and some improvements. But not sure where the line is drawn and becomes business expense. Maybe own building as a person and lease to an LLC that has the business?

Curious about anyone's experience or advice

Thanks