He then went through a lot of transient student tenants. 5 years later Burger King bought the corner lot & all three adjacent homes.

You can probably find a CPA that is willing to claim they were bought as investments, but flipping a house is as much investing as flipping a burger is: they both build money so that you can invest.

You will miss good Mexican food and in-and-out burger though.

(Some parts of LA have even stricter rulers).

& @Jimmy Klein @johnThe Franchise is a large Quick Service Restaurant comparable to Hardees or Krystal's Burger. the franchisee partners are made up of three individuals.

Just going on the basic 2% rule (rents being 2% of the purchase price) and 50% rule (50% of income will go to expenses) that I have heard so many times on this site/ DP podcast, you are sitting pretty.Even if you figure the purchase price at $40K (price plus $10K in repairs and some closing costs) you should be collecting 2.75% in rents.

There's a weekly meetup at Big Daddy's burger restaurant  (I-183/Burnett) w/a sizeable group (40-50 folks) covering diverse niches that I would recommend.  

So food in general such as a Denny's, Red Robin, Burger King, etc. would likely have a shorter shelf life than a bank or pharmacy, correct? 

when i hear BK i think of burger king sadly smh....

Tenants are customers with options and rational and irrational motivations and while I might be the McDonalds of the property market, I need to keep enticing them lest they go to Burger King, In-n-Out Burger or wherever else that is not While I could seriously write a full length post about my bad experiences with property management, but I am not looking to cut their role out of my chain.