This is why New Bold (between Broad and Point Breeze) is arguably one of the hottest pockets in South Philly due to how close it is to the Broad Street Line.  

So is their a local meet up....or is this the hottest spot

As that's when homes get the closest to the asking price:BTW... my mom will be selling her 3/2 in Stockton, CA this April if anyone would like to get a shot at it before it hits the market :-)So we'll need to wait a couple months before we can really take the temperature of the market and compare it to last year's hottest season."

Trulia ranked the springs as the #1 hottest 2019 market. 

That's probably one of the top 10 hottest markets in the state!

As someone who does business in one of the hottest markets around, and who has bought in several other incredibly hot markets in the US, Ive never once encountered that on a residential property.

I am in one of the hottest markets in the U.S.

Our market sounds a lot like yours with a large college and military population although college students are not the only tenant class I’d be open to, actually I’d prefer non college students, that time of year still seems like the hottest as far as people relocating.

The area is just a mile from some of the hottest parts of Durham.

Yes but those are extreme examples and not the "norm" plus those come with very high payouts but very high risk as one would need to be extremely well capitalized, able to wait out for that one buyer (buyer's pool would be tiny at those price points).As an example of what I do successfully (most of the time anyway), I buy a 900-1500SF home in a very nice neighborhood in some of the hottest cities in my area, knock most of it down and rebuild a 2300-3500 SF home.