This is very possible, for I have done it and helped others from as far away as Canada do the same. This is the approach:
1) We look at where you are now
2) We look at the cash flow you would like to have
3) We look at the inventory and how it best matches your preapproved amount/cash flow you are looking for
4) We run a risk analysis in terms of location, potential for growth vs location and what factors are most important to your lifestyle vs simply the utilitarian approach to real estate.
This process will be repeated until we find you a place that works with your budget and timeframe.
Take a look at my website and drop me a line to see how I can help.