What would be desirable neighborhoods where inventory still high enough to find a good deal? 

It would definitely be a risk; however, I have the tools and know how to do a lot of the work and feel confident I can find the people I need to help with work I can’t or don’t have time to do in the desired timeline.

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Does the 1 less bathroom make the house and less desirable to rent out?

The ordinance goes as currently written now to the city council who will review it, can amend if desired and will pass it. 

Find motivation and desire and you will always find opportunity.When you discover creative real estate tactics, you don't worry too much about these monstrous companies as they tend to have one tool to rely on... throw money at it.

You will not find anything turn-key that properly cashflows to your desired metrics/returns. 

The house is newly refurbished, in a desirable area, is vacant, and is being marketed now for a tenant.

Palm Springs is also touristy with the town being much more desirable in the non-summer months.

It's not too difficult to find properties in desirable locations that follow the 1% rule.