restaurants / service industries? 

don't forget to account for vacancy rates, insurance and maintenance that you'll be responsiible for as owner.

Speaking of electrical, I had about 6 service calls on a rental about the electric heat and AC ... they messed with the unit all kinds of ways but never fixed it.

@Rod JosephYour post states "Mortgage Expense" is that supposed to mean that monthly debt service is $2,600 or is that Mortgage + Insurance + Cap ex + Management + Repairs?

Be nice to your tenants by providing a quality product and service for the money they pay you.  

.), were slow and grudging to respond to maintenance requests, and one really memorable lady who used me as her personal ATM because she didn't want to get a job of her own.

So I'm in my first ever mortgage (house hack in Chicago) and my mortgage is being serviced by Chase.

Experienced as real estate developer in Texas, I think you need a full service developer or you can sell the land as-is.

In 6 years $40k of my student loans will be relieved with the Public Service Loan Forgiveness program (since the university is considered public sector) and during that time I can take advantage of a university-paid master's program (once I figure out which one will best suit my goals).

If tenants are leaving tell him you suggest he clean it up and list it to sell as a retail property as it loses money every month as a rental.If you were licensed you could offer your services to help and still be able to make money on the lead you found.