If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

Each year, new design trends enter the market, and some others exit.

Brilliant summary of the Detroit situation/market. 

Are there specific market indicators or property traits I should be paying attention to?

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

Hi Yael, I am a featured agent from Bigger Pockets in the QC market and can assist with all of your questions.

You would really want to do your own due diligence and probably fly to the market(s) you'd like to invest in.

Study the market.