Digitizing audio into a device (computer, phone, interface, etc.) has a latency of at least 5-10 msec through the device. I find this barely acceptable. With two devices, on the same Gigabit network, network/device latency is at least 10-20 msec, which is not acceptable to me. Now move the connection onto the internet and it gets even worse. As an example of what you can realistically count on via the internet, Cubase's VST Connect (for recording remotely) defaults at a latency of 1 minute from the host to the remote record and back.