Alright so i've been doing a little research for the last few weeks on BTC mining, and LTC mining, SHA256, Scrypt etc...

I'm thinking of buying a scrypt miner (110MH/s) and test it for a month to see what i'm getting LTC per day/week/month and compare it to power consumption (i've used calcs and the numbers don't look too good).
No i am up against the wall as to what to mine and whats the best way, i'm basically doing this as a hobby and also really wanting to get something out of this.

My buddy has a skate shop with a hole second flor with plenty of room and power for atleast 10-20 miners, he pays about .12 per KwH.
Now here is where i am stuck.....buy and mine ASIC BTC miners.....buy and mine Scrypt LTC miners and mine for LTC....or mine something better in ROI...
Like i said i want to do this as a hobby (my buddy is down to let me do this as long as i make some profit for power bill etc).
But i as well want to make some profit out of this, i know LTC is still iffy to some people but i'd be down to mine it, i'd be ok to mine anything really.

So essentially my queston is:
What should i mine?
What miners should i buy??
What is the chance of profit over one month, 3months, and a year.
And what else am i missing from what i've read about?

Any help would be appreciated.