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What are things i need to look for to find a good spot to hunker down and wait? Do i need to move every 15 minutes or so if the yotes dont come after the first or second sequence of calls?
How are the pelts this time of year?
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Congrats on the "hand me down" of the year. Now learn to shoot it from a sitting position and from shooting sticks, and get ready to get hooked on predator calling.
Find a place to sit where you can see your downwind side. That's where the predators will ALMOST always end up. If you don't have much ground to hunt, staying put for 30 to 45 minutes wouldn't be out of the question. 15 to 20 minutes is fine if you have lots of ground to hunt. Simply becaue most coyotes show up with in 10 minutes, so the more stands you do in a day, the better your odds are of having action. You will do many sequences of calling in a 15 minute period, although a lot of guys that use Ecallers let them run continously. The pelts aren't worth didley this time of year, and hardly worht more than that in the winter these days. The fur market is weak, very weak, so you're not going to get rich, that's for sure, even in the winter.
I would suggest you either find someone to go with that has successfully called predators for a few years, OR buy a predator calling video, or 2. Watch them , listen and learn how to do it. It will shorten the learning curve for you. I'd suggest either a Byron South video, some of his have a lot of action in terrain similar to what you might be hunting, or look up Brent Saxton's video's, which is all eastern calling action, should be similar to your terrain.
Calling coyotes isn't hard, but killing them can be tricky, expecially for the beginner! Good luck!