I'm in St. Louis and unless you want the low level slum lord properties, pickings are slim and well bid when they do hit the market. A long term flipper I know has recently gotten a job as he can't acquire any inventory as he is constantly outbid by newbies entering the market. So like Walt said, even in the midwest, you're not going to find the deals on the open market, you're going to have to put some work into finding them yourself. That is unless you want the low level stuff.