Think about what best suits your skills.

You could take this one step further, since you now have improved your research skills, look to see if any other properties in the area are on title with this "flipper" you have worked with.

The development of financial projections is an art unto itself that goes well beyond the scope of this article.

Depends on your capital, but really your time, personality, skill set, abilities ect.  

@David D.So people on BP like to give blanket answers for questions whereas it really does matter who you are and what skills you bring to the table.

If you have the skills, the resources and the perseverance, you can make just as much money during a recession (if not more) than during strong economies.  

Usually don't recommend door-knocking but your market is so small, if you have the time and people skills, it might be worth your while.

Grind - Find a full time job where you can grow your knowledge base and/or your skill set and stick to it.

Use "The Learning Loop"Learn and Practice one new skill, e.g. deal analysis.Have someone else review your analysis and see if they come to the same conclusion, or have recommendations to adjust your calculus.Take time to review your analysis process. 

I read an article in the library here, that says trading skills is one way.