That's why most who I observe get off to a quick start are those with construction backgrounds.

No one knows what will happen in the DC region, but applying logic and observing past trends, if a significant number lose their jobs with zero notice, it most likely will trigger foreclosures.

It is also been my experience and observation that there are people that have money and quite a bit that do not advertise the fact.. 

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.

I didn't realize it at the time but through my first few jobs I was fortunate to work alongside teams who were true real estate finance experts and learning through observation was critical to my personal real estate investing growth. 

, you have put me on the right track with very clear and concise observations to think about while evaluating my market.  

Here are a few initial thoughts and observations for both scenarios which might be useful in guiding your next move:Scenario 1: Leave your Current Primary Residence & Buy Another House to Hack Locally1.

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

What I've observed is that most management companies are operating on slim margins with minimal staff.

The lack of awareness of the risks is easily observed in posts written every day in these forums.