The longer I am in this industry the more I learn that there are no "absolutes"  (as soon as you think there are someone will pop-up and prove you wrong) and there really are no secrets.  

Various study's have been done showing that it is probably the largest industry in this region.

Prove to investors that the area will be seeing 25-30% growth in the next two years, and they'll get a preferred return of 10%; if you can substantiate those numbers, they'll be lining up to give you money.Rent the properties for two years, then sell.  

We have been studying this market for a year now and should cash flow ok.

I will look for a better scenario that will prove to provide better numbers!

I'd say study the market and determine exactly what and where you want to purchase.  

I was amazed they would teach you how to max out your credit cards or open a new one to get into the program.Like many of us said, you can find a lot of studying material for free on the web and use the 35 k to get into your first deal.

I have also read up on some BP wholesaling articles but the studying continues!

@John Montgomery Congrats on getting close to negotiating your first deal...I would say the most important thing is to "know your objective"...There are a lot of great answers on this thread, but ultimately we are all making "shots in the dark" as to the best option for you because it's our perspective...This is still valuable, but can become very confusing because you don't know each person's perspective...MY Suggestion is to know your goal over the next 3-5 years...I will let you know a little about my perspective...I am a Rehabber and Have Been Buying and Rehabbing over the past 8 years here in Chicago...I've been in your shoes...I wanted to be the Big Shot and rehab deals straight out the gate(Little to No Money & No Experience but a few REI Boot Camps- basically No Experience)...To say I've had a lot of Failures during my 14 years of being involved in studying REI is an Understatement...If I was starting all over again, and my objective is to be able to build a robust REI Biz that can allow me to rehab 6-12 homes a year, wholesale 2-3 properties per month, and build a rental portfolio...I would first focus on getting good at one objective first...Generally most people start out wholesaling because it doesn't require the money or experience rehabbing or landlording requires...I would start with Wholesaling...go find 5-10 very good rehabbers and find out their Criteria for a Great Deal...Commit to building Value for them and ultimately a great relationship.With this you will already have buyers lined up, you know what areas to look for properties in, and you can research public record and see what they are paying for properties on the acquisition(and also ask them, but keep them honest by researching public record)...At this point become the best wholesaler to these rehabbers...you will learn a lot just in this process alone...How to evaluate Comps, Repair Values, Neighborhoods, etc...Which a great wholesaler will know how to do...It will make your deals easier to sell...Ultimately I would see which one of these Rehabber will be open to the idea of partnering/mentoring me on how to get into that arena...They may even allow you to follow the progress of their deals...Every deal has its surprises and over the course of 10-20 deals you will get a real life idea of what those surprises are, and even understand the "reason why" you calculate certain contingencies into deals and also what are the most costly mistakes or repairs to look for and avoid on deals...The value of this Experience will accelerate your learning curve...In my experience one mistake for a beginner can cost you a ton of money and even put you out of the rehab business.There is no way you can learn all the mistakes you must avoid by reading a book or taking a 3-day training program. 

just wanted to introduce myself, Im just starting out in the real estate world, currently studying to become a broker (done in 5 months) and I am here to get all the advice and help I can!