We discussed this in a prior post but I'm really interested to hear what you have to say if you check those areas out.  

The prior response should give you a thorough view of the options that are available but knowing which one to use depends on your particular situation and how creative you can get.The reason for this is because everyone is in a different situation or tax bracket.

Some of the Midwest deals I'm seeing look very appealing compared to prices around my area.

When you are seeking this information, be sure you compare rehabbed (flipped) houses versus traditional sales.  

If there are no comparables in the same condition inside the subject's project, then you can utilize sales from a competing project.

Keep in mind, GE was a "dividend aristocrat" and one of the first companies in the Dow Jones Industrial Average back in the day when the Dow was only 12 stocks compared to 30 today.

They took a 5 acre parcel I had purchased to build new transmission lines and re-conductor old lines in order to provide power from a new utility scale solar generating plant (solar farm) they had constructed.My attorney hired the appraiser with only 2-3 weeks prior to the date our expert witness and discovery production had to be turned in to the courts.The appraiser found very low comps in the area.

You are right, it's tough for me to qualify for a loan because I simply don't make enough money compared to the debt I owe. 

Prior to going through the effort of getting your license, you may want to locate a BIC in your area that will allow you to operate as an investor under their license and guidance, once you get your license.  

@Eric Gutierrez I'm curious how your repairs/capex on the older properties compare with the ones built in the 50's?