The Sellers are retiring and the common sense kind of people - they run the operations and let professionals handle taxes, bookeeping, legal, etc.

This is a great case study for why partnerships should be formalized with an operating agreement.

Value is determined by the cap rate and the net operating income of the building.

The way professional park owners like to operate parks is to have 100% of the homes owned by the tenants.

Most people are going to recommend a market they operate in, so this does not necessarily mean it will be the right market for you.

I am interested in investing in a coin or card operated laundry but have some very basic questions:- What are the reliable resources to find available businesses?

Turning an LTR into a STR, making a larger 2 bedroom into a 3 bedroom or buying in an up and coming area.Here in Tampa, the properties that I personally own and the ones I've helped investors around the Tampa core are doing insanely well as short term rentals.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you expereince one of the above?

Currently, I am self employed operating in a single member LLC in California.

I would first recommend you get your core four, usually who all work well together and can assist.