If your offer is accepted I'd hope you gave yourself some time to do your due dilligence and some contingencies to pull out of the numbers don't meet up. 

After a couple of these types of meetings and once I've found a property and have it under contract I'd then reach out to him and show him the deal.

Nothing is impossible but seems like the chances of finding a deal according to my equation is .1% or less in a B class neighborhood.I see a few C class properties that meet my equation but I do also plan on holding the property as a rental. 

Otherwise you can either try to find some local wholesalers or flippers (go to any local REIA meetings or other types of Investor meet ups), try selling it outright or simply find an agent willing to list it for you.

As for the remote locations, I've considered Indiana and Michigan because I do a fair bit of traveling there for work and know that I'll be able to check in on the properties periodically and meet with my team on the ground. 

There's no guarantee that the sellers will meet you in the middle.

John,I am new here at BP but pass through Concord all the time traveling from Hillsboro to Portsmouth almost Daily.Would love to meet up and chew the fat if you are interested.Let me know.Stephen

Go out to your local REIA meeting and grow your network before deciding which way to go. 

I'm interested in meeting others in the area and I'm particularly interested in increasing my deal flow (hola wholesalers).

They meet on Sunday evening in Lombard, IL.2.