If that park is like most parks 90% of the people that work there won't be able to afford to buy a house anywhere close to the area, and honestly probably won't be able to afford apartment rent anywhere close to there.   

I have flipped and developed many home but right now I'm focusing on buy and hold out of state (being in LA like you are it's the only way).

And I'd have to spend $10,000 to $20,000 I imagine to buy furniture, kitchenware, beds, dressers, etc.  

I entered into a contract to buy the land, and informed the note holder (seller) of the house I recently purchased that I would be substituting the lot as collateral in place of the house.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I feel like the answer is yes, especially if I can buy another rental property to add to the portfolio. 

Just to throw this out there, 2k is much less than the down payment to buy a home.  

I'm interested in getting into REO listings, and I attended a webinar that is selling this course: https://www.reovip.com/I'm wondering if anyone here has taken this course and if so, is it worth buying?

Buy and hold? 

I'm under contract to buy a 1.2-acre land lot, on which I plan to build my primary residence.