What are some other markets on the west coast that might have similar demand/ supply constraints for a down economy.  

I am currently observing an investor struggle with a long distance rehab of a flip in the East Lake neighborhood of Atlanta.

Just remember that with all of these markets you have to choose the right neighborhoods (or even blocks) so don't let someone take advantage of you as a long distance investor.

The appraiser would have to expand the comps search both in time and distance, and use the best indicators of value that are available.

Long Term, 1.5 hour or less commuting distance from NYC.My goal is to replace/multiply my current income with REI income.Bigger Pockets:I found BP website on search engine whileresearching/evaluating rentals in NewYork.

Any long distance landlords with advice?

This distance keeps me away from the day-to-day which would make the income as passive as possible, which is what I want.  

The Annapolis area gives us many investment choices within driving distance.

There are multiple pocket parks, an elementary school, coffee shop, market, pizza etc all within walking distance.

The differences in the markets will be like splitting hairs, any potential savings you may gain you will have lost by having a lack of familiarity with the market, lack of contacts and just pure distance between you and your investment.The only people that should be looking to invest in other markets besides their own are those that are priced out of their market.