You will see a bunch of these in South LA and East LA.As for LA multifamily rental market, demand has been surpassing supply by 2:1 ratio.

Single family is at high demand.

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 issue: my job, healthcare, is supplemental (no guaranteed hours.)

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.