Good quality product in good quality neighborhoods.The beat up old victorian houses with knob and tube and galvanized plumbing look good when you apply 'normal' operating parameters (and the can be sometimes).

Everything major in the house works, heating, plumbing... 

I want to pickup a second property, I am sold on the book, the method, I am learning so much.

@Jason Hirko I love your method! 

I think I will try that method out.

Cost effective methods for reaching leads in those states

And of course no newbies have to be very experienced builder.. there is no loan that is more risky than a construction loan for a lender as a builder you know all that can go wrong.I was building in one subdivision and builder came in hired a crappy framing crew and the house ended up 3 inchs off of plumb..

Yes @James Beam it is hard to find 2%-1% in the local north central areas of Kentucky, but there are other methods to look at.  

Again Sub TOO BAD BAD for seller if the seller cares at all about their credit and or  any equity they may have if they did a wrap.I know its popular on this site to promulgate this method of buying problem is too many financial sociopaths or wanna bee investors to down right crooks for a seller to take this RISK which you are now learning first hand

Other methods can be more lucrative in the short run but are more complicated.