Question on a vacant lot

[Zack Ak]

Hi ..a new bee here....

I have recently located a vacant lot, which once had a  5 bedroom home. After fire, the city knocked it down.  The lot is irregularly shaped around 2200sft...

According zoning a multi family can be built.

Like i said..i am new in real estate arena..and came across with this lot.. thinking of buying the land in cash...applying for fha loan...(maybe modular home loan).. i was planning on holding the property as rental... once it ia built..

. the sewer electric gas is  at the property

Please advice if an irregular lot or alot is wise to get in or should i be looking for a fixer upper?