A little over 60 miles from the heart of DC but less than 20 miles from the DC MSA which now encompasses Fredericksburg.

However, I have no problem limiting our agreement to MLS properties so if someone presents you with an off market deal, you can decide how to proceed.If you are a flipper, I will encourage you to not sign an all encompassing buyer agency.  

Deal evaluation became a lot less frustrating as the property was analysed as one would any business.Two other reasons I prefer larger properties are:density - One building envelope (walls, roof, foundation) encompasses many units as opposed to four, or less, for a residential property;diversification  - a multiunit houses many revenue streams as opposed to 1-4 for a residential property.  

I like to call these "Fixed Costs," they encompass:- Purchase Costso Closing Costso Inspectionso Appraisalso Financing Feeso Transfer FeesHolding Costs o Utilitieso Mortgageo Insuranceo Selling Costso Closing Costso Concessionso Transfer Feeso CommissionsPlus a lot of other little costs.Overall, I expect that Fixed Costs will be between 10% of the sale price (assuming no financing costs) and 20% of the sale price (if you're getting hard money).So, for a $400-500K sale price, you should be factoring in closer to $40-100K for these costs, not $10-15K.Also, I'm guessing your rehab estimates are off by a decent amount if you're in NJ...

What is the exact term that would encompass this transaction?

Bronzeville is a sort of neighborhood region, that encompasses a couple of the defined Community Areas.

Ensuring Comprehensive Work: How do you ensure that when something should be done, it encompasses everything necessary for that task?

There are many strategies that encompass "real estate investing."

Needless to say, this is not all encompassing and you should still verify all the references, but you can get most of the info you need to do your due diligence. 

It encompasses some really rough areas and some pretty good areas.