There are snakes under the hot tub.3. 

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I called and found out by the electric company then called back to evernest and they said they do it so that when the showing happens its not so hot.

Median household income for 38109 is $35k or ~$31k after tax

I don't want to try to predict the next "hot market" or "hot asset class."

* What are some factors to consider when identifying these hot spots?

I am a CT based investor myself, very hot market!

In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.

Small multi-family is hot right now due to house-hacking (low barrier of entry), and future cash-flow. 

I believe that the technically correct answer is that they all moved from California to Texas and Florida, whereupon they realized that it gets extremely hot and humid in those places, has extremely variable weather, and large insects, and are now leaving Texas and Florida.