Do these folks have temporary  overage for places to live?

@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.

Quote from @Maurice Nkonsissie: HelloMy name is Maurice, I live in the greater DMV area.

Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

@Jerry Zigounakisi'd pick a market close to you, or one you have strong ties in, rather than trying to get to one via math.can you invest where you live, or 1-2 hours from where you live, or where you like to vacation, or where you went to college, or where you plan to move someday?

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

I live in Harlem but work downtown so if I have to go to the building it is not too bad after work.

I currently live in Michigan. 

The auctions, although online now, are live foreclosure auctions, i.e. the auction style sale which is the culmination of the foreclosure process.