Act as a seasoned financial advisor with 10+ years of experience in franchise investments. Provide a detailed guide on the best ways to invest in franchise royalties, covering [FRANCHISE TYPE], [INVESTMENT BUDGET], and [RISK TOLERANCE]. Explain key factors such as brand reputation, royalty fee structures, and passive income potential. Include real-world examples of successful franchise royalty investments and common pitfalls to avoid. Tailor the advice for [INVESTOR PROFILE]—whether they're a beginner or an experienced investor—and suggest actionable steps to get started.