Baltimore Choices

[Joel M.]

Hello Biggerpocket family,

I am looking for some insight views on which strategy would work best for Baltimore city.

A) Purchase a cheap 10k property and rehab the heck out of it.

B) Purchase a ready to move-in 60K property with little or no rehab.

I understand that choice A would take more time to bring it up to the market after rehab and choice B could have some mean surprise if I fail to do my due diligence properly. 

Looking forward in hearing the pros and cons from both choices and if anyone can suggest a choice C & D I would greatly appreciate it. 

Thanks!

Joel