As a real estate agent in two of the hottest markets in the country -- Denver and Colorado Springs -- I get this question all the time: When will prices go down? 

@John Cannon most cities will make it an arduous battle with their zoning committees, to convert an SFR to a multi unit home.The competition for "turnkey rentals" is the hottest.

@Michael Glist Yes sir one of the hottest markets in the country!

So a little background on my market and situation first; I'm in Clarksville Tn, which you may never have heard of before but is one of the hottest markets in the country.

One of the hottest markets in the country.

DFW is one of the hottest markets in the country but there are still deals to be had if you look hard enough!

Purchase price: $1,595,000 Cash invested: $350,000 Sale price: $2,717,500 A value add project completed in one of the hottest markets in California!

For the third consecutive year, a study by The Wall Street Journal and Moody’s Analytics crowns Austin the country’s hottest job market among major metro areas.In ranking the 55 metros with at least 1 million residents, the study looked at five attributes: job growth, unemployment rate, share of adults working or looking for work, change in the size of the workforce, and change in average weekly wages.

The property was worth around 295k-300k, built-in 2011, and in one of the hottest areas in the Triangle.

At the time of going under contract, the property was worth around 295k-300k, built-in 2011, and in one of the hottest areas in the Triangle.