However it's on a cul-de-sac adjacent to the university, has ten paved + five gravel parking spaces, is two blocks from downtown and 10mins walk to the the grocery/mall/LC.  

I think aged out juvenile sex offenders, sober living, and prostitutes wanting to get of the streets would be a good fit. 

Walking through the winter wonderland or dodging the Austin serial bomber?

Well, there are a few different ways to do this, with each way being a better fit depending on multiple variables such as risk tolerance, available time to run a project, the interest in running the project, and emotional grit.

One that will walk through strategies with you before you do more deals so you can structure them the best way.

Purchase price is about half a million and the lot has no setbacks, the building footprint can cover the entire lot up to the side walk.

If you can walk away, do that.

Plus I walk my dog a lot so I really get to learn the blocks well.

Then compare the numbers to decide which fits your goal more.

Definitely try to create systems that fit and elevate your personal management style to help take some of the burden off, this way you can focus more on expanding your business and acquiring more properties you can manage.I'll send you an invite to connect, let me know if I can be of any help!