I'm attracted to the scale-ability that they afford.

Own property next to a Dollar General Store and looking for a business/idea that would complement DG, attract their  client/customer base

To start - need to research deep and a lot of due diligence.High price will put you out of market, low price attract low quality tenants.

We are developing a Commercial project next door and this is excess land that isn't very attractive for other commercial tenants due to the layout.

Being remote, I'm not looking to do major rehab for my first deal because I'm still building my network "on the ground" and it feels a little overwhelming, but I am willing to do some cosmetic items to attract the right renters.

You might agree that most real estate investors were attracted to real estate because of the control they had over their investment, and to outsource that control defeats the purpose, at least to them.  

This is just me but given the price:rent ratios in LA I'd rather not invest in that market.If you can find a great deal then by all means go for it but I'd be looking at out-of-state investments where I could get a better cash on cash return.If you grew up elsewhere or have local knowledge in another market I would look there as well to see if there are any more attractive deals.

I don't buy properties in problem neighborhoods or where I can't attract a high quality tenant.  

Property cash flows about $700/mo after the mortgage and expenses.The property does need some work to attract better tenants in the future and to make the property look more appealing.

I would prefer a condo close to the beach so it is is really attractive for Airbnb.