There are massive fishing tournaments on the lake hosted at a marina next door.

I have always wanted a place near the beach in FL for fishing but this was always the reason that held me back.

You can broaden your effectiveness as an investor by expanding the use of tools you have at your disposal. 

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

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

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.

@Michael RomanThe lifetime capital gains exemption is applicable to the sale of a) qualified small business {CCPC} shares; b) qualified farm property or c) qualified fishing property/business.A qualified small business must generate its revenues in the form of active income, which explicitly disqualifies holding/investment companies whose income is predominately passive.   

I did start broadening my search area to Guntersville/Athens/Decatur but the number of properties out there right now wasn't encouraging especially with the pricing people are wanting for them. 

I just need to broaden my circle.