What I found helpful at one point was I was also looking to buy or setup a laundromat business somewhere, I had a business broker who is also a commercial realtor searching out locations for me and he gave me good advice on what's hot, what's not. 5.

How hot/cold is the market?

Could I get your opinions on this property:"Developers- here is your next project in Denver's new hot spot area!

Generally, Holladay does not seem to be that hot. 

I know Tampa and Orlando areas pretty well and always knew they were hot markets for a long time.

Since you are doing nothing at the onset,  I would say at the very least you will be replacing a roof, hot water heaters, and probably furnaces (lets say $15000 total in cap ex and thats being generous).

If an agent has a hot deal and he works with other investors, then they've already called their cash buyers and sold it before it can reach the MLS.

No offense but it's crazy that vista and other north county areas are "hot".

It is currently a hot sellers market in Ketchikan right now.

Most of the investors that I know who have purchased multi-unit buildings convert the units into forced air (furance) where each apartment has its own furnace, hot water tank, and central air unit.