Purchase price: $362,500 Cash invested: $150,000Our own short term rental in Mexico City hot spot, this project is fo sale at the time, with a cash flow over 1% already fix up and furnished, selling as a business.What made you interested in investing in this type of deal?

@Justin SterlingYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

Barry,Tampa is only 30 minutes from my office and its a Hot spot for sure with each year showing more growth & cash flow opportunities.

The post-rehab cash flow, however, is worth it.Consider short-term rentals in hotspots like College Station, Austin, or New Braunfels for a different flavor.

Once you identify which area of the city or suburbs you will be in, then the forums is a great way to identify nearby hot spots for investing. 

Wait to create LLC to you figure out what state you will buy in.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseOur analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.

Florida has always been a hotspot for vacation rentals, and the market is as vibrant as ever.

The Tower District, which is Fresno's nighttime hot spot is revitalizing, and you can consider that area a B area.  

. - all hot spots that could potentially be good for visitors. 

Homes prices in many of the hotspots have outpaced revenue.