I used to rent a room from a recently divorced guy who didn’t wanna give up his pole building, 40 pc gym, pool, hot tub, and classic cars.  

then at least in on the West coast ( and maybe Russ can chime in on his market) but rents went on a vertical tear upward.. basically almost doubling from 2010 until today were they have peaked and are softening.. which is about the same for home prices across the board with some higher end stuff seeing some significant reductions.. starter housing still strong in most markets thoughthe only place that was building like crazy that did not really busto I think was Hot spots of Texas. and for sure rents in the " Cash flow markets " were stable we were getting 700 a month for a little mid west bungalow back then and you get about the same today. 

And, while the market is hot, you never know what’s going to happen.

In this hot market, we didn't find a house for months.

But if it's turned off, then the house will get almost as hot or cold as the outside temperature is. 

Research online, make phone calls and then actually fly out to the city/state you want to invest in and meet your prospective team members.Step 3 - understand and choose specific sub-markets in the city you are going to invest in - and decide the best sub-markets you want deals inYou do this by actually walking/driving around those neighborhoods and asking several wholesalers, real estate agents and the locals about the area and how hot/cold or how good/bad it is.

Also, install electric hot water heaters that are hooked up to the tenants utilities.

Hot the market that you are buying in, if you have leverage over asking for the fixes, typically to speed up the process and you know that you’re getting a good deal.

The market is extremely hot so it might be worth a shot.

Here's a question for you on these: Why would two turnkey SF properties be sold off-market when every market in the country is steaming hot for done products?