In today's market, what innovative strategies are you using to maximize ROI on properties that might traditionally be considered high-risk or low-yield?

I'd say first, figure out what kind of investing you're into and make sure that the market you choose supports it. 

STR is becoming a difficult strategy because there are so many costs (furniture maintenance, utilities, internet, etc.) that you have to factor in and if you are in an oversaturated market, then unless your property is unique, you can only compete on price.

@Reitta Seidel, yes.Maybe sharing some of your thoughts that made you post this question will yield more valuable feedback.In my market, single family homes sell all year round.  

We're reaching out to other professionals who have done some investing in Alabama or who are very familiar with the market, (i.e. which are the more favorable counties in which to invest?) 

There is definitely more options for investing opportunities on the open market than on the land bank. 

If you're priced out of your current market, I would definitely look into other markets where you can find great macroeconomics, positive cash flow, and amazing appreciation potential.

Anyone have any thoughts on Alabama as a potential market? 

While this would improve the cashflow and cap rate for resale, I'm wondering if it would shrink my market of buyers, since they could no longer use conventional financing as it would no longer conform to a 2-4 unit building.

We are seeking guidance on a few key things about the market. 1) We've done a lot of research on the area and have been scouring MLS having trouble finding opportunities that will cash flow (the golden question, we know).