Chain store retailers are like sheep, and they do follow one another as many retailers have good synergies with one another.  

Interview several so that you can compare before making a final decision and good synergy is a must!

There is a level of synergy that then exists and a mutual level of trust.

The current tenants don't speak english and my Spanish isn't too good.  

@Lawrence RatliffFirst off I commend you for the hustle, the ambition, and the huevos (Spanish for eggs referring to something else) to start your RE pursuits.but ...1) I agree strongly with @Justin R.2) I am not a big fan of any of the so called "rules" but the one that I use as a quick guide on ROI calculations is the 50% rule for lower cost units. 

which is why ensure you do this strategy using synergy.... meaning in such a way that you can easily replicate it... and pivot this strategy towards another agent...Or super short term strategy Joe.Attend one of the multi family meet ups... and talk face to face.. to agents in these meet ups... and pick their brain, create that trust with them.Hope this helpsRome Wells

My ability to sell my fathers place may take 6-8 months as the system in place is "old Spanish law" and you need an attorney to do everything around here. 

I saw on your profile you speak Spanish, so do I and my wife.

As @Ashish Acharya said most experienced investors do both a mixture of buy and hold and flips because theres synergy in the tax, income, velocity and scale that each type of investing brings to the table.It sounds like you've already closed this sale. 

Hi @Benjamin Seibert , I have referred Ridgecrest and Synergy property mgt.