Quoted from V8haha:Being able to right off every pinball purchase is a plus.
I do this all the time, post something, and because the word is spelled correctly I never notice.
Not to be a asshole, but I am sure you meant write off, instead of right off. I make the same mistakes, and so funny how we all do.
As far as my advice to the OP, hell no!
I have had rental property for 17 years now, and only the last 3 years have I finally been able to relax a tad.
Starting a arcade and rental business at the same time, HELL NO!
LTG says it best:
Quoted from LTG:Really do your homework if you move forward. Dreams are nice. But do your due diligence to be sure it isn't a nightmare.
Besides zoning ordinances, licenses, and insurance. Any new business needs start up costs and a years worth of money to have a chance.
I have been self employed most of my life, and others came to me asking for advice, and not one has had funds saved to have a years worth of money in case things do not go as planned.
I have never been rich, and I borrowed from lenders for the rental properties, but every business I have ever started I never borrowed a dime.
BUT, it is nice to dream, and try to make plans. I dream all the time about things I would kind of like to try.
Never stop thinking and dreaming, and hopefully you can find a low risk way to make all your dreams come true.