Hard to find, yes, but be patient and deals are there.

Also online auctions can be very good if your patient, Ive done this and there is a definite dance to this process. 

Make more offers and be patient and consistence.  

Be patient and consistent.Quantity does matter to be a successful investor so you should make about 3 offers a day just in your niche and the market you select.  

I would like to be more aggressive with the investments but will be patient for a couple of years to see what happens.

Yep, I'd just be patient. 

Now, I have just been saving up patiently waiting.  

You won't get it from this young realtor you are trying to be patient with.

Just wanted to add that as a newbie investor I've found property management companies to be a great resource (whether or not you plan to use one), the good ones tend to have a good sense of the rental market, they know local investors and, most importantly, they want you to keep them in mind once you have properties, so they tend to be really helpful and patient.

Look further out in peripheral markets or find properties that have serious problems that you have the skillset to remedy is what a lot of other investors including the institutional outfits are doing so as the small guys we have to be willing to go further out or take on bigger problems... or be patient.