Specifically where the property is blocks from the ocean?

I find too many times investors will complain "this project has no comps" when the block has 3 houses worth 400K but its not enough or "that rehab value is to high there is no profit" when there is a 80K profit margin. 

There seem to be a few areas in philly that are up and coming... where some total dump is listed on a block full of new construction.

The thought of being ahead of the curve seems great, but the struggle to get to that point is serious stumbling block for me. 

They're so busy they don't have time for BP or networking groups, but some have been around for decades.If you meant geographically, I'm sure there are investors in all 39 cities and towns of RI, though the ones on Block Island may be a little reclusive ;)

So I'm looking at a home that on the other side of the block has nice homes, a street I would walk through at night alone. 

Without positive cash flow it will only become a greater financial drain on your life.

It's risky because no one can guess where that imaginary appreciation line will stop and your property may be two blocks away from that line.

It's off W 3rd St a couple blocks in from Burlington.

I have a rowhouse style property in Washington, DC and the down spout for the back of the roof leads to a drain outside of the basement door.