50k to invest in Hudson county NJ - jersey city etc

[Drew Slew]

As anyone around NYC knows, the boom around Jersey City/Union City, Hudson county is insane. I got my condo 3yrs ago in union city and it now almost doubled. 2 family in greenville JC, from a lot of ups and downs it now cashflows extremely well after finding -so far - good tenants. However, this time if i get 3rd property i want to be more like a real "investor", not get lucky. 

Those who know, how would you play the 50k cash to go on next deal, use the 2 other properties/learn from them?

(Im getting cash out refi from condo, so the next property will probably need to be an investment property, either 25% down or not sure. Id like to do an FHA or 20% primary, but it may be iffy if i take the cash out refi as a primary residence on condo and right after buy another primary residence)

Options im thinking, but would be happy to hear ideas:

1) another 150-250k condo, ideally 2bed in Hudson county, try to get it in not so great shape to add some cosmetic touchups, rent net CF profit ideally $300-500/m after PITI, HOA and everything.

2) another 2 family - this would almost double than a condo, but also costs double.. - but not sure how i could swing it w 50k cash, esp as even Greenville is now everything over 400k. 

3) other markets like Newark. Not sure id be ready for a fixer upper yet and not looking yet to partner w anyone else. I know theres a lot of GREAT markets all over the US, but im quite sure the whole transformation thats going on day to day around Hudson county/Jersey City is.. once in a lifetime event, its now or never.

4) any other smart financing ways where i could leverage that 50k a LOT like and FHA or something