Analyze demographics Having a Big Box facility on the same street helps give us some degree of confidence in demand for ALFs in the area. 

Turnkey stuff and high demand areas are gonna be tough, because there will be multiple offers.I'm always looking at the MLS but last summer I also started doing direct mail and texting owners. 

They demanded $12,000 right away or it would be much higher. 

The only real variable is the plumber (mostly because I only want to use the best companies and they're very much in demand so they're almost never available consistently) but now I think I've finally picked one I'd consistently like to work with - my wife became friends with the owner's wife. :-)So long answer but yeah, it always takes an army and I've taken the advice of those who came before me and have assembled (finally!)

Unless its in a A class area in a high demand city.

Are these vacant lots in a desirable, high demand area, where development is imminent?

The Palm Beach area is only going to continue to grow because geographically there is no where to expand (east or west) therefore demand will become higher. 

Huge demand for rentable SFH in good condition in the area as well! 

Demand- This is a topic that I always considered to become more relevant in the long term but Covid-19 has proved to many companies that expensive office buildings on the East/West coasts are not as necessary as they once were and are moving more to full-time working from home.

Decreased demand for starter homesFirst-time home-buyers will feel the effects of the mortgage rule changes the most, as they must now reach a higher level of financial health.