JS happens to work for EWI; he specializes on investing in foreclosures at a distance (sometimes 100s or 1000s of miles from where he is); and he's also into commercial RE and developing.

The nearest populated area from me is about 1oo miles away.

I'm looking at a 4 br place in a residential neighborhood (TX), so it's nowhere near a college or anything, although it's a couple miles from a community college.

I have spoken with realtors with MLS access, as well as done my own sales price research at town hall in transaction data, and the appreciation rate for the townhouse development is the best in about a 20-mile area.

If it is on the MLS 50 miles away it will not be as effective as the MLS the agents in the area the property is located in are using.

JonHere in the south east there is a grass called centipede.

We just closed friday about a 1/4 mile away for a 2001 built pool home, for 40K.

I am civil service for the Air Force at Eglin AFB Florida and I live in Crestview FL (40 miles east of Pensacola).

You can see them from a mile away.

Houses have to be within 100 miles of their main branch.