I have the opportunity to put a small portfolio of 7 units (a fourplex and 3 houses) under contract in a small town (Red Oak, IA) which is about 45 minutes outside of Omaha.

Boston is a great town, I'm sure there are a ton of unique opportunities up your way 

oh, and no, this part of town doesn't have alot of REO's

I have located a triplex in a college town of 69,000 people.

I have a house that is in a great part of town and the owner would rather owner finance it to me than have me wholesale it.

In my town solicitation without a permit can be fined up to $350 a violation. 

That’s a 6.9 percent increase and 1.2 percent above the national average.There is no way on God's green earth that the median home price (median being defined as the mid-point between the lowest price and the highest price) in these towns is $442,700. 

What are the pros and cons to each flipping demographic? 

I'd love to join the group if there is an online presence and come to a meeting when I'm in town. 

And leave it at that.My 4 unit is a former general store and as with many small, old towns, the rear was the mortuary/embalming location before the bodies were then taken back to homes for the wake/funeral.