I do appreciate you taking the time to respond regardless.The IRS specifically calls out owner distance from rental and having a property manager as a red flag that owner isn't materially participating.

I would also INSIST that the seller have independent legal representation before I entered into a contract with an owner occupant.  

When 2 owners own a property and they cannot agree on what to do with it.

We manage a property that was having drain field issues for awhile, got estimates and had the owner approve one of the vendors.

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?

In neighborhood it is very important to present your self to the home owner next to you, this helps a lot to prevent misunderstandings. also this shows your professionalism.

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.  

Example: Absentee Owner-owned over 10 years-and the search area you are wanting to stick to. 

What's up, everyone! I've been a member of BiggerPockets for 5 years or so, but have never truly contributed to the platform. It has helped me over the years so much, and I wanted to get started contributing back to t...

The 10 acres are about 90% planted pine (the previous owner planted it).