Have you seen any strategies work well in Anacostia (or neighborhoods with similar challenges) other than flipping?

Challenges?

Yes, the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is still alive in Philadelphia, though some aspects have become more challenging in recent years due to shifts in market dynamics.If you’re considering BRRRR in Philadelphia, areas with recent or upcoming developments, like parts of West Philadelphia, Brewerytown, and sections of Northeast Philadelphia, can still present good opportunities, but base everything on section 8 rents to see if the DSCR and LTV makes sense

It became difficult, if not impossible, to repeat the process without severely damaging your profits.The Rise of BRR"R"RR 2.0In this new environment, I modified my BRRRR stategey to what I call BRR"R"RR—where the additional "R" stands for "Rate Drop."

See post from jay hinrichs about using them and some of the challenges they may provide.

Challenges?

Your SOW, challenging projects, expensive stuff, can be tricky unless you have experience and an established team. 

That's the case everywhere...and each region comes with its own set of challenges.

I belive the property will be a challenge to sell because, based on comps, its over priced. 

However when my friends moved out and I started renting to strangers, I found the high turnover rate and overall living situation to be much more challenging.