Well maintain and land to develop more units.

Should be fairly easy.

@Tony Marcelle, if it's only cost you the price of an eBook, you've probably got fair value for money.

My question to (seasoned or fairly new) investors is, what is your criterion for what you consider an ideal investment and at what point do you decide that it isn't worth the time and effort?

What is a fair profit share with a private investor who will be hands off?

Before doing a renewal, you should always review the tenant's payment history and inspect the rental to ensure they're maintaining it properly.

There are many cities and states that are fair to Landlords.

That will put you fairly close to 50% anyway.  

Seems to me it could be profitable and fairly passive investment in a market like mine where there are many businesses out there that need a shop and a place to store their equipment. 

First, I would really like to step back away from having a lot of time consumed maintaining my home and divert it to learning and be actively investing in real estate.