I don’t have the time to fish for the best deals here, so I’d like to look somewhere in the midwest where I can buy a house for under 50k and not need to finance the initial purchase.  

As I go fishing and I find a fix and flip or a wholesale deal I wouldn't mine moving forward with it but my main goal is buy and hold to build up cash flow and appreciation.

This is a great way to talk to some big fish in your market who will purchase multiple properties a year from you

The REIA depends on fresh fish for gurus.

Hopefully you are marketing directly to motivated sellers and not fishing on the MLS.

I'm headed down there for some Montauk trout fishing and turkey hunting next month on the family farm out by Nixa.

I'm telling you this not to brag but help you see that if you become a big fish in a small pond it'll all work out.Hope this helps...Dubeman

Did or are you learning RE basics relating the fundamentals to investing or are you trying to copy blow hards who post fish stories to attract business?

@Joel Owens , no, there is no written agreement, just me kinda fishing around and asking my dad what he thinks of my plan.

Quote from @Daniel Rabinov: Hey guys,I am looking to possibly get into flipping houses in LA area, I've been pushed away from doing this for a long time as I always fear there are big fish out there that have much more experience than me and they know how to both analyze and make quick decisions as well as have access to a network which allows them to tap into opportunistic deals for flips.I have come by different areas in LA that have old houses sell with larger lots with a huge upside to the lot size vs current build.I.e - Average new built house $1,200 a square foot.