This Rental is in Campbell, CA so another hot area.  

But, it would put additional pressure on finding a good team to help oversee everything.Atlanta is a hot market, but it is also very competitive.

They could provide valuable insights into which areas are hot for investment and could maximize your returns.

You're right, Joshua Tree it's pretty saturated and Borrego it's just too hot during the summer.

The market in San Antonio is hot right now I figure the best way to get out there is to start going to local reia meetings Sareia has them every month good content as well.

there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

I was considering further south in Western NC but I have heard there are some hot markets in VA.

I bought a triplex where the Seller (not a foreclosure) was lazy and didn't want to put in hot water heaters even thought he got full price offers.

I understand real estate to be capital intensive.

Real estate investments can be very capital intensive, so it is wise to have a strong foundation before diving into your first property.