Yes, the MF numbers look sooo sexy - on paper, but rarely perform as such.  

I live in a very rural area north of Asheville, NC which does not have much going on as far as real estate movement so I’m looking at other areas.Asheville is hot right now and has set record sales/prices for 2015.This has put the little inventory that is available out of my price range.Asheville would be my long term goal.According to Zillow (which I’m not sure how accurate it is) market health index for Asheville is 9.4/10.Other areas I’m considering are Greenville, SC (market health index 7.8/10 ) and Johnson City, TN (index of 5.9/10), both with more inventory in my price range.Asheville is 35 minutes from my house, Greenville 2 hours, and Johnson City 1 hour.I have made contact with a realtor in the Greenville area and that area really looks like it has potential.I am a Nurse and my wife is a Physical Therapist so we have W2 income and would not need to live off flipping.I also have 3 days off a week to manage rehabs, plus downtime at work for research/studying markets.

Near Gannon, there are many restaurants in old 1800's buildings, a city park that hosts special events, a convention center with flagship architecture, a community playhouse that performs Broadway plays, the Warner Theater which hosts various performers and the Erie Philharmonic Orchestra, an art museum, a civic center that is home to the Erie Otters (ice hockey) among many other events, a ball field that is home to the Erie Seawolves (minor league team), and a Starbucks on 5th and State St.

Real estate investors who are used to the fix and flip game often have a hard time wrapping their head around why non performing notes are something that they should spend some time looking into for their real estate investments.

If you're on your own with nobody to teach you, most will spin their wheels and get nowhere because they don't know how to find ARV accurately, don't know how to price rehabs accurately, etc., etc., etc.  

There are several legal entities that are granted the privilege to perform business under an assumed name and to isolate personal liability:Corporations, all formsLLC, a special formLLP, a professional form of CorpAlthough found in many business fields, the LLP is an especially popular form of organization among professionals, particularly lawyers, accountants, and architects. 

The more I tell people what I am doing and what my goals are, the more pressure it puts on me to perform.  

Can anyone help me out on what the best and worst States are for non-performing and performing notes? 

They will assist in developing accurate criteria based off market analysis and procure properties leveraging sources such as the MLS, Wholesaling Partners, Direct Mail, and Referral Business.

@Dan FisherIf you perform full-time or part-time self-employment activity consider opening a self-employed solo 401(k) which will allow you to self direct your funds into real estate.