It consists of four lots, three of which are empty and one that an very old, outdated restaurant sits on.

It consists of adding a couple other layers on top of what you already have.

Honestly about the only thing I consistently watch on TV is college football.

If they call for repairs or pest control consistently then I will raise their rents and explain that it is a function of increased cost which they are aware of. 

This usually consists of a criminal background check, and infrequently a copy of your credit report.The experience requirement is often waived for attorneys or equivalent experience.

@Jason Smith Define your market, set your rental criteria, write down your tenant screening questions and be consistent in what you ask each applicant, put in place a good rental agreement/lease contract, and then cover all your bases with good property management.

Many would not be. ( well most)...for long term though from my point of view I would see if Derrick can get these stabilized and if you can get any kind of consistent cash flow once up and running and consistent you may wish to part with them and move to a better asset class...

Our cash flow is such that we are consistently building cash in our business accounts.  

I remember there are one or two where buy and hold guys with 10+ properties chimed in on their actual expenses for several years and they had come to between 45-55% pretty consistently.

I've often tried to envision my RE business as a means to help people in addition to a means to feed my family.