After briefly attending Munich's Maximiliansgymnasium from 1869 to 1871 , Max Gaisser first acquired the basics of his artistic training from his father, Jakob Emanuel Gaisser. On May 1, 1873, his entry into the class of antiquities at the Royal Academy of the Arts in Munich is documented. a. trained as a painter with Ludwig Löfftz (1845–1910). He went on study trips to France (Paris), Italy, Holland and Belgium. Max Gaisser was initially registered at various addresses in Munich. When his father died in 1899, he inherited his father's house in Pasing near Munich and finally settled there with his wife Wilhelmine (birth name unknown); the marriage remained childless. He died after long and severe suffering at the age of 66 and was buried in the old part of the Munich forest cemetery; the grave was abandoned in 1946. Gaisser's Pasinger house, which the painter Hermann Urban (1866–1946) acquired after his death, was destroyed in the bombing of the Second World War and later replaced by a new building.
Gaisser was a very productive and successful artist and a member of the Munich Artists' Cooperative (MKG) and the Association of Munich Watercolor Artists (VMA). On behalf of King Ludwig II of Bavaria, he led one of the groups of artists who were involved in the painting of the castles of Neuschwanstein and Herrenchiemsee. His small and medium-sized figure scenes, which were initially based on the work of his father, were mostly set in Dutch interiors that he had studied and sketched during his stays in Belgium and the Netherlands and that are reminiscent of works of Dutch painting of the 17th and 18th centuries. But he also had a rich fund of drawn and watercolored studies of landscapes, streets and architecture, sketches of fishermen, seamen, traders and other types of characters that he used in his paintings. He showed these in the exhibitions of the Münchner Kunstverein, in the annual exhibitions in the royal glass palace, but also in Berlin, Bremen, Dresden, Hanover and other German cities. At the German art exhibition of the world exhibition in St. Louis, 1904, he was represented with the painting "Beim Advokaten", which the Bavarian state had bought.  Even contemporary critics noticed the slight modification of his pictorial themes unpleasantly. In contrast, his well-sketched studies, which were shown, for example, in 1904/05 at the Münchner Kunstverein, were very much appreciated. Numerous paintings by Gaisser were acquired by collectors at home and abroad, but also by museums. In the Munich annual exhibition in 1923 in the Royal Glass Palace, which dedicated a room of its own to the artist who died the previous year, there were no oil paintings on display, but no fewer than 32 watercolors from the estate.