Experience with owning a laundry mat? Any alternatives?

Thinking about buying a laundry mat soon as another income source. A big factor for me to consider is that I live in California and there is currently a severe drought. However I am still pretty interested in this idea as I will have the money for this quicker than a down payment for a home.

Anyone had experience with owning laundry mats? Are they a good income source? If not did you find a good alternative to this other than real estate?



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