I'm in New York City, and investing here makes absolutely no sense, so we focus on the Southeast.  

I think there is a lot of opportunity on the south east and mid west to achieve true cap rates in the 7-9% range on solid clean opportunities. 

I live in Southeast PA and it is about 2 degrees today...  

I looked at buying in Douglas WY not far southeast of you, my dad was working there in oil and gas a few years back.With the down turn in oil and gas prices and virtual dead stop by drilling and exp companies, there should be housing available across your area now and solidly the rest of the year of not longer - depends on the price of oil and drilling activity etc etc.

Im getting ready to move to Nebraska and plan on using the wifes VA loan to purchase a home there.

I am in Nebraska btw.  

Paul mentioned a bunch of good options in Southeast MA.  

When we moved back to Nebraska, I sold my interest in the 4 plex to my partner.

I found this document on the state of Nebraska for real estate transfer and I'm wondering if I can use it as a buy/sell contract?

Southeast Wisconsin  is a great place to start building up your portfolio.