Universities champion them because they’re cash cows for business schools - how do you think they paid for that marble flooring and Starbucks vending machine?  

In terms of some basics to know, I'd say 1. make sure any laundromat you consider buying is in a great location with renters in the area and good visibility2. know the condition of the machines, plumbing, electrical and boiler before you buy3.

Had them replace the washing machine and repair the AC and both times were smooth.

Wholesalers who've built a good business and want to move up can let their machine run so they can utilize their own marketing efforts.

I will run an ozone machine in there if they move out.  

You get the benefits of cashflow and ownership and if you find the right partner, you could be the money behind the machine.

It's a machine to dig up opportunities, similar to a freight train.

I personally only use a contractor for Gutters because you have to have a gutter machine to make them seamless.

We're wholesalers of many types of properties, and one of the reasons it is so great is because we can do it from literally anywhere, we don't have to be where we are looking to buy.With today’s technology, we’re direct mail acquisition machines all without leaving our office (or home, or wherever we happen to be that day).

I hired this part out b/c Im not a machine and cant do a $70k rehab completely myself.