To you there was little change, you just keep paying your note but now own 123 Main St instead of 345 Side Way, and you have your equity as cash in your pocket from sale 1. 

Often, owners beat up PMCs for a low price, but fail to understand the PMC will often cut corners to make sure they are still profitable. 

There is a house (2b x 1b) in the family I was interested in becoming the owner of.

What I am trying to better understand is at what pointy that restaurant owner able to either delegate or reposition so he / she doesn’t have to the restaurant every day. do they need to obtain more restaurants or keep offering more to their current customers?

Purchased a little too high at the buy (I knew it at the time too), does a little better than breaking even on cashflow, and took too long to rehab.

Look for a PM is also an investor/owner in your market. 

.: Quote from @James Miller: does any one know the brother of the owner? 

OK I do have a little expertise in CA on these issues..

I was definitely on the fence about this one for a little while before making the purchase, but there were a number of attractive features that ultimately led me to move forward with the purchase.

You still couldn't transfer the accounts from AirBNB and VRBO to the new owner.