Option 2 is high risk, as financing may be tough on your situation.

In my opinion, making an offer site unseen is not a risk.

You want lower land cost with high rental demand unless you're a reno expert and flipper which not 1% of real investors are. 

Our ability to offer cash and close quickly gave us an edge, allowing us to secure the property under market value and position it for a seamless resale.

The plan includes high-yield activities such as property flips and strategic acquisitions to provide liquidity and generate returns.

Some lenders even do as high as 1.3.

The reason I approached them about putting their offerings on my show is because I wanted to diversify my product offerings beyond the low income stuff that I specialize in so I could present investors with options that come with varying levels of risk.I do not agree with you that investors won't make money in the low income space at all tho.

I just received an offer on a remodeled home we did in Sacramento 95824. 

Or just any suggestions for the best bang for your buck areas that offer at least a little cash flow and appreciation ?

Quote from @Jules Aton: If you are doing high grade laminate that should be good.