In the past 36 months I have used my self-directed IRA there to make 14 private money loans to real estate investors in the greater Indianapolis metropolitan region. 

Some of my european friends are shock when they see how cheap houses in say Texas or Louisiana (my region).I show them pictures of the house and ask them how much for this house if it was sitting in your country.

I suggest you call the regional HUD office, usually best to get through to the HUD IG.

I didnt say I didnt know any geographical regions, I said I didnt have a preference on a region since in my home state of Georgia, I am not able to invest in mortgages unless I am a licensed broker.

I just reached out today and spoke to the manager of the regional branch, came away impressed.

The reason I blow off an agent, and I don't know what it's like in your area; but here, we have over a dozen rental agencies in just my local neighborhood region and hundeds of "agents".

There are a lot of banks that will now do FHA loans immediately; most of the regional banks will do these, but even big banks like Wells Fargo are now doing them. - If you plan to resell within 180 days for than 120% of the purchase price, expect that you will need to have two appraisals on the property.

Also we do have a airport it's called the Palmdale regional.

That's a good idea and I will start looking for some in the Phila. region.

The title implies a fairly large geographic region so there will be a wide range of correct answers.Let me go into this a bit deeper.Many of the numbers you are looking for a highly sensitive to a specific area or a specific type of property.