For example, my oldest son loves basketball, but not before he became more skilled at it.

They also have control boards to run all the fancy features which are a couple hundred bucks when they fail and the machines are labor intensive to work on.

. :) I'd just suggest picking one area to focus in on with laser-intensity (i.e.: web marketing, direct mail, signs, door-hangers, etc.).

It's definitely more profitable on a per transaction basis however it's typically labor intensive on the front end and may require a wider range of skills in problem solving.My observation is that new people who begin chasing distressed property deals are less likely to refer deals to other, more experienced investors for a smaller piece of the profit and, because they are unable to generate a deal flow, ride what few opportunities they have into the ground.

I know local investors here that specialize in these areas and do well but it is management intense and they are here to keep a watchful eye on their properties.

I like basketball and this season I was really enjoying the Lakers games and Portland games.

I know the low income housing I have is very management intensive.

And of course the sunlight here is intense and always bearing down on the houses.

I've heard the 203k process is very document intensive and time consuming.  

I have had good success with Jones Act Tax Sales in New Jersey (it is its own unique beast in NJ OTC liens) but it is much more intensive and tougher to find deals.