Currently, I'm a licensed hair stylist and work in a restaurant but am looking to shift my career path to being fully committed to my business.     

@Ariel Goldenberg  you should have gotten a prelim title back within 48 hours of accepted contract so you knew at that point that the deal had hair on it..

That's a mighty big area to farm for properties.If you're just getting started you might pull less hair out if you focus on a smaller space.

On my excel chart i can plug in remaining life in the "Life years" column so on any potential property I can plug in numbers as you suggest.

The author includes some charts that provide the kinds of investment maps you are looking for.

Have you considered shaving your facial hair?

This will identify the retail price ranges, in which you can list the rehabbed property and the price ranges, of distressed homes, you should target.Go to the website bestplaces.net and search best places using zip codes and a map will pop up looking, for housing stats and look for chart scrolling down looking for value of owner occupied.

Huge no-no in this market.I would say this, there is no way I would sign and amend-extend for a $37K hair cut unless I had no offers in between their offer and the amend-extend value.

(To see charts, pictures and graphs, you may have visit my BP blog to enlarge.) 

See chart below of overall debt to GDP.