Justin it seems to me like you just need a little bit more time learning the fundamentals. For instance I have a domain that's I believe roughly 8 years old however I can post a blog article today August 27, 2012 and the blog article will show up as 2012. It is about Google trusting the domain. Imagine I go and Google register.com or Go Daddy I will get an offer for anywhere from $2-$4 a domain if I was a a black hat I could exploit that measly four dollar expenditure and What do I really have to lose except for four bucks. So now us so we get sandbox to for times of up to 6 months
So long story short the good guys. Punished because there is no better way of figuring out whether or not we or the bad guys have purchased a $4 domain. And are going to go on a malware campaign or do something good with it. That's why in the future you can Google this the longer the domain has been registered in good standing and the longer it has left before it expires the better rank Google will give you. It makes sense if you're going to put all that time in to just some domain and turn away after a year that's crazy I just reregistered my domain for 5 years it is showing up on some search engine optimization tools as excellent. I suggest you find a good host and do the same.
I think this link should give you sufficient information along with what I've told you below to believe me. If you honestly think that you're going to make any money doing black hat the as Rand says if you believe that you can be the smartest people in the industry go ahead give it a whirl
http://searchengineland.com/live-blog-you-a-with-matt-cutts-at-smx-advanced-123513
http://www.searchnewz.com/topstory/news/sn-2-20120608MattCuttsonPenguinUpdateNegativeSEORejectingLinks.html
I would strongly suggest enrolling in this program by distilled.net they are an affiliate the strongest affiliate to SEOmoz out there and they have done a fantastic job getting the basics into where I could learn them very easily here is the link http://www.distilled.net/u/
http://distilled.net/u?r=blueprint
you said that you had been hit by the economy man you said that you had been hit by the economy man I believe everyone here can relate to that in some way shape or form either they know somebody or they have witnessed or gone through it themselves