I think most of the work would be purely for the purpose of being able to increase and maximize the rent per sq ft.

Seems like it performs well but will have low value when it is time to liquidate.Now, there could be value in it being a successful business, but it has low assets so it would take someone who understands what they are buying vs a pure investment.

really quick and dirty, when you break it down I don't see what you need to pay :For lead generation, that's purely a "sales" topic. 

Cali is a tough market and a ballers market, depending on where in the state but there's plenty of zones in Cali where a real estate deal will cost way more than 75k, I also here the permitting process is a pure headache out there. 

Anyone claiming it does is purely misrepresenting the law, and is looking for suckers to sell them to.  

Pure rental activity is considered to be passive by the IRS.

They would be good places to meet seasoned investors and service providers and they do not have any cost other than the food or drink you purchase.   

I have house hacked so we have no housing expense, we cook most of our meals, hardly drink, bought our cars in cash, and have no debt.

I don't even drink the stuff and have no idea what a French press does, but I hear some prefer that method and for this price, I'm willing to experiment with adding this amenity. 

@Bart Hedgcock I was purely speculating empty land.