You would likely be out on the streets within a year. There is a clause in the franchise agreement that LOs are prohibited from owning an interest in a bar or pool hall. I know LOs get around this with unwritten arrangements, but those are only worth the paper they're written on. But that won't be your real problem. The amount of work involved and the requirements placed on new LOs by the national office will be your undoing. I've seen many a league operator go into it thinking it will be easy, only to fail rather quickly. I recall in particular a time I had dinner with a prospective LO and he commented that "This should be easy. I can sell ice cubes to Eskimos." I warned him that it's a lot of work besides sales. A year later APA was taking away his franchise and he was cursing me for "lying to him".
By all means, contact the APA if your league operator is doing something shady. As many players as you can, with as much detail as you can. Be aware that APA gets many calls from players, though, as many illegitimate as legitimate, so they take everything with a grain of salt. For example, don't call to complain that the LO raised your three who's been keeping himself a three for years to a four. Believe it or not, those calls happen. They do investigate it all, but it may be within the boundaries of what the LO can do and they can't just yank a franchise from someone who's legally meeting their obligations to players and to the APA, just because players don't like them. They do care about the players though, and work with LOs who might not be providing a player experience that aligns with their mission. Every LO has a contact they work with at the national office, who is there to help with whatever they need. Some need more guidance than others, and yes, some would be better off in a different career.