Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

Ben Franklin used similar advice to turn an enemy into a friend (although his was asking to borrow a book).There are some caveats here, you cannot be wasting time thus you need to demonstrate that you are taking action. 

I’m an investor and student of the game when it comes to building passive income and a solid portfolio.

The high cost of buying in SoCal just didn’t make sense when there are solid cash-flowing markets elsewhere.

Brookline: Solid throughout city neighborhood with its own business district.

The trick is to know the market and have a solid strategy for your approach.

It’s not necessary to stay local for these services as long as you have online bank statements or a solid way to get them to the bookkeeper.

This deal looks really solid to me, but I have only been looking at rental properties as high as $600,000 in discussion with my lender.

Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant,  ensuring the lease rate is sustainable is key! 

Sounds like you’ve got some solid experience under your belt.