They're only 3-4 major players in the city and maybe 1 -2 "Good" companies.

Unfortunately, I've found most people claiming to be wholesalers, don't really have good deals (just being honest), just marginal opportunities.If your end goal is to learn how to flip, then I would find out who the "players" are in my local market and find a way to add value to their business.

But your financial picture is a key player in how much, and when you should invest in real estate. 

Because what once was an area with 70% of the housing stock being 2-4 units it is now less than 50% because developers are converting the 2-4 buildings to SFH and selling them to Cubs and Blackhawks players with kids who want to go to a top rated school. 

Find the big players in Louisville on BP.Add the keywords "Louisville" and/or "Kentucky" to the BP keyword alerts.

Just think logically, many major league baseball players pay top $$ for their gloves and bats.

Lots of foreign money, big players, and small inventory is limiting options and hoping to learn any alternate game plans/strategies others have for such occurences !

As they say in hockey: A good player goes where the puck is while a great player goes where the puck will be. 

However, listening to podcasts, many of the big players now have started out on a rehab that took 100k plus, made no money but learned alot through the process - education is golden.

To @Jay Hinrichs point, there are plenty of players in the Indy market that don't do it correctly, so you do have to know who you're dealing with.