There is a TON of great information available on BP, such as the 4 part video series, "The Financial Independence Blueprint".

After doing a quick market research of rents in our area, yes, there are a couple of homes (literally-there are so few homes available here) that are in the price range that he mentioned but they do not have the upgrades and they are in crappy school districts, however we are just under the median for prices in our city.  

That said, if you do have enough assets available, you may have luck finding small local banks that will provide a loan based on just that.

So I've been working on a tool that not only automates this process but also builds the intelligence behind it.The Relevant Information:A summary report will be available for each property for the investor to examine all the gathered fields.Property DetailsOwner InformationTax InformationForeclosure Case InformationDocket EntriesDefendant InformationMortgage PositionLiensViolationsOpen PermitsThe Intelligence:We created an easy to understand analysis that will give experienced and unexperienced investors a “birds eye’s view” of issues on any given listing using Icons, along with detailed explanations.No issues Found:Proceed With Caution:STOP!

It's great to make money anywhere, and if the #s work then wonderful.However, you will have to sell at some point, and it sounds like the pool of available buyers is going to be small.

There are a lot of options available but I am not sure how to narrow down my search.

@Adrian Beltran Depends on your comfort level investing OOS, connections in that market, and time you have available. 

I've been spending the last few months really diving into all of the valuable information available not only on the BP site, but also through podcasts and books and I have really caught the real estate bug!

I agree with Jay's suggestion, just because the land is available doesn't mean the city will let you fill it up.

It's to the point in MA that if someone is available or shows interest in the work I would be suspicious........