We will see how the Federal Flood Insurance works along with how long it takes for FEMA to show up and the President to send Federal Funds for the hurricane disaster areas.

Also, from what I have gathered (which I may be wrong), the better cash flowing properties seem to be in the less desirable neighborhoods here.

Had you put the same money in a general Dow index fund, you'd be looking at about 80-90% return over the same period, with zero work involved.

You find the deal and then have a partner fund the deal.  

If you have other access to funds and the deal makes sense then it may be OK to proceed.

I am currently looking for investors that consider asset based lending to fund real estate deals in my city.

I ve always one question coming to my mind:  If I got a really hot deal, how easy is to find a hard money company to fund my deal, and how fast generally they lend their money? 

Try alpha funding they are very easy to work with

For instance if a person comes to you promising the rate of return you desire you may invest without doing due diligence.  

You may find you have an "unfair advantage" which you find an interest in utilizing such as a friend or relative with some sort of interest or connection in real estate or you might find a desire to do something way outside of your comfort zone.