Effective strategies in current market

[Gaege Root]

Hello all!

Figured it's time to give BP a test and see if I really can glean some quality information from all you helpful people :)

I'm new (about a year) to the area and am currently living in Eastlake (southeast SD). 

I'm also very new to real estate investing. As in, I've read numerous blogs, attended meetings, attempted to dig up back taxed land parcels to flip, etc etc. Never done a deal, met with a real estate agent, talked with a title agency, networked with investors or contacted a potential seller.

Currently, I'm working from home full time but would like to transition to spending more of my "work" time generating income via real estate. I do not have a huge bankroll (quite the contrary, I'm hoping there's a way I can bootstrap the REI channel).

I'm curious to hear from those of you in the thick of things, what are the best strategies you'd recommend I explore, given my noob status, minuscule available funds, and our current market situation. 

Thanks in advance!