@David Kilgore@Ari Newman is absolutely correct in his explanation of the 65% ARV loan product.

There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

I'm familiar with the two year self-employment income averaging and I'm wondering if this would be different or essentially the same.I'm paying myself a large W-2 from my S-corp which would be good for getting approved.

Any good products out there for something like this?  

Actual income production is not a requirement - but generating income is a  very strong indicator of your intent to hold it for investment. 

The problem with all of these coaching models and books and podcasts is that they are selling a product, which is fine, but it does not necessarily translate to real-life applicability for most people.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

I think most out of state investors would agree that it's essential to utilize other people's time and expertise, as opposed to flying out to every potential deal.

Does such a product exist? 

I rent out 4 of the 5 bedrooms here and live in the 5th.Lets say I want to go get an apartment/studio in order to increase my productivity and eliminate distractions, and rent out my 5th bedroom.Let's say I want to sell the house at any time within the following 24 months.The 2 out of 5 year rule still applies right?