Vacant Land Investing: Tax Delinquent or Farming?

[Luke McCann]

BP,

I am a college student/licensed Realtor looking to get into the land flipping business. I've narrowed my strategy down to two routes: send mailers out to my county tax delinquent list, or select a neighborhood that is mainly vacant but is fully platted and has some new construction popping up (there is a specific neighborhood I have in mind). 

Obviously, each route has it's pros and cons. I do like the thought of working the same general area so I can get familiar with the values and W&S lines, but there are only about 500 parcels in the area, about half of which are on dry land and vacant.

Which would you choose?