Personally I wouldn’t own my own studio. I managed a studio for 25 years, so I have the expertise but didn’t want to legal responsibility and or ramifications.
It seems glorious to be a studio owner but you have to do the numbers and make sure you can financially make it first. There are many things that go on behind the scenes to make a studio run well, offering classes is only a fraction of what is required.
I think renting with others is a good option so that the burden is not all on you!
I agree with the other answers, go in prepared, if you really want to own a studio and it’s always been your dream and you are passonate about it, then do all of the research ahead of time so that you won’t get any unexpected surprises thrown at you.
Remember, if something goes right at the studio you get credit, if something goes wrong, you get credit!