Big mistake.But it is these satellite communities that might provide a great low-risk/low-barrier to entry live-and-fix while your discovering the region.  

Many homeowners have properties that they forget about (inheritance for example)  or / and don't have much interest in that's located in another region of the country.

I have yet to see many (any) duplexes in that region that would sell for 140K, even if they are fully rehabbed.

So $18750 down, and lets say closing costs bring us to $20k even (would be too low here, but I understand these things vary regionally)

Questions will vary by property type and region. 

Now, you can't find enough of that type of property in the urban & inner city/downtown regions. 

Detroit used to be a manufacturing center of the nation (motor city), but now the entire region is referred to as the "rust belt".

Hello All -I am narrowing down the areas where I can focus on getting decent cash-flows. I live in Northern VA, so typcially markets for me are Baltimore and few parts of NOVA.Baltimore - As we know its block by block...

@Victor Mejia   from my experience working in so many different markets throughout the US ... its really a regional thing..

The 2-4 day lag might just be in my area (not sure if it would be region-specific) and it may not be the case 100% of the time, but it does seem to be the trend.As for sales, though, I'm not really sure what the lag is since I haven't really monitored it.