But, with that said, I have been hitting road blocks on trying to refinance my condo.

Even though you can save money compared to the fees of a hard money lender, conventional lending can take longer and present road blocks.

I live one street over, and down a few blocks, from this unit.

At least a 2+Bed, 1+ Bath, 950+ Sq Ft, Block, Outside of an A or AE flood zone, No sinkhole homes unless engineering report is available. 

Then we may be able to tell you whether to avoid that block or not.I know investors in St.

Blocks away, same area, same renovation.

The only reason I even offered that is that the area has started to come around a little bit and if the neighborhood renovation keeps moving towards that area (2 blocks away)it could turn out to be pretty fruitful.

. $40K alone on one 3 blocks from my office.

I see some go it's just over the other street close by is a comp for ARV of 90k and base buying off of that.In these Urban cities it can go street by street and block by block between a great area,ok area,and a war zone.In a suburban to rural area many times the the property values are the same for the unit mix and the safety of the area is the same.Some people buy trash with cash but I don't like it.Too many things can go wrong.I like to stay patient and look for great deals in good areas.The number of beat up houses on the street is critical.What does the crime report show for that street versus violent and non-violent crimes?

I did try to come up with a business plan but the road block I ran into is that I wanted opinions on which real estate investment strategy would be the best use of my time and the resources I have available, hence the post.