To put it in terms, if you think the life of owning/operating a restaurant is just too lucrative, rich, simple and easy with those "huge" 8% profit margins, you may be a good fit to come run a PMc business to add some significant challenges to your life. 

Local coffee shops, restaurants, grocery stores are good examples.

I would absolutely send something...a gift card to a local restaurant or something of that nature.

(palm canyon drive main drag restaurant area).

Some days I think sell it all and cut the chains of debt, free my mind from the responsibility but then I won't have any passive income.

However, I'd like the exterior of the building to be in at least decent condition.Lastly, I'd like the immediate neighborhood to be at least mildly walkable, with at least one store, one restaurant (fast food or otherwise), and whatever nearby. 

The large grocery anchored I can see the provisions for much larger tenants.I used to be in the restaurant business for years.

Lower price (maybe...I see plenty of overpriced off market deals).Cons:Chain of title and closing process can be (not always) shady, with multiple contracts, assignments, and/or changes of ownership.Less room for negotiation (most are cash only, no due diligence, take it or leave it, close next week).More downside financial risk - with no inspections or due diligence, you better know what exactly what you're getting into, and/or be able to weather the inevitable surprises.Less recourse - in many cases, you're dealing with unlicensed individuals who have no regulatory authority policing them or enforcing rules that protect the consumer.MLSPros:More info available up front.Clearer chain of title and cleaner closing process.Everything is negotiable (price, closing date, due diligence period, financing options, etc).Less downside risk with availability of inspections and process for resolving inspection deficiencies.More recourse - agents are licensed and should be following legal and ethical guidelines.Cons:More competition (if buying) - The MLS is arguably the single best way to market a property for sale, and ensure the maximum number of eyeballs can find it if they are looking.

As a matter of fact is very desirable with nice restaurant around and skyrocket rents.I'm attaching a link from Google/maps for all to see how the area looks like:   https://www.google.com/maps/place/Saint+Nicholas+Ave+%26+W+125th+St,+New+York,+NY+10027/@40.810783,-73.952593,3a,75y,183.69h,81.02t/data=!

Imagine going to a restaurant for lunch and the menu says $10 for a hamburger.