Buying in a Charlotte, NC - a Hot, Seller's Market

[Josh Lyons]

I want to buy a house and rent the one I currently live in. This will be my first purchase to start investing. But, Charlotte, NC is a very hot market and many 150-200k houses are selling in less than a week (even within hours). My question... in a market like this, is it best to just wait for the market to cool off before buying?  Or, can good deals be found even in a hot market? Of course, I don't want to pay a premium price because of the seller's market. Thanks.