In my opinion, that's not a sustainable trend and some bounce-back at some point would not be unexpected or unwarranted.

Their asking price wasn't based on comparables, estimates, or neighborhood trends.

"The trend will continue until it doesn't." 

Bay Area (Oakland/Hayward): Buy 1 $600K Duplex ($150K down) in the East Bay that cash flows at $200/mo (long term appreciate in rent/value should be very high, looking at long term market trends)I don't really care (at the moment) about short term cash flow, I mainly just don't want to lose my *** every month, and want these investments to provide steady income when I retire in 30 years.

Cherokee county is one of the hottest counties in the nation right now.

It's one of the hottest neighborhoods  that is upcoming in Baltimore right now.

I have not personally invested there so I'm not up to date on how the town is trending and where it's headed in 3 or 4 years from now.  

George, at the risk of sounding trite (which isn't my intention), in general there are opportunities everywhere.In general, if you have a choice you'd like to go where the general economic trends are in your favor.I can't speak about Connecticut, but for RI and in my general impression of the Northeast, is that - all other things being equal - I think there are probably other parts of the country which have better economic fundamentals.While there are certainly cities with good economic activity (e.g., Boston and New York), I don't really get that economic excitement of "things are starting to boom" and "great things are starting to happen in this area" for this part of the country.

In terms of wholesaling, the hottest market in our area is PG County especially over by the SE DC boarder like Cap Heights up to Hyattsville. 

Well I would like to be knowledgeable of market trends and new developments in the area that I focus in.