Yes, even in the hottest cities and states.Just takes work and effort and action!

You could have the most pristine A+ property in the hottest market and still lose money if you PM drops the ball. 

During the absolute hottest market Fort Collins has ever seen, and there was one house that sat on the market for more than 130 days because it was on a busy street.

Not to mention the overall appreciation of Orlando, which is the number 2 hottest job market in the country right now. 

I think all of us local people know this, but for the out of town people.@Don Harris @Chris Wood @Kimberly Schmid @Bob E. Account Closed http://wane.com/2016/07/01/ft-wayne-housing-market...

That's quite an undertaking.I can't speak for your area, but two of the hottest areas in my market are predominately shotgun homes. 

I've written about the market pretty extensively in the Sacramento Forums, but this post I wrote here pretty much sums it up:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushHere's the highlight reel:Low Inventory -- Less than 5,000 new housing units built this yearHigh Demand -- Huge population surge from the Bay Area, 18,000+Will be #4 hottest metro market in the nation for 2017 -- 7.2% appreciation, 4.9% increase in sales growthWill be the #1 rental growth market in the nation in 2017, with year-on-year rent growth of 10% this year and 8.5% next yearCity recently approved $10 million dollar fund to lure tech companies from the Bay Area and hopes to add 5,000 jobs in the next 5 yearsI'm currently working with a least a dozen other Bay Area investors with the exact same investing goals, from all the large brand-name tech companies that the area is known for.

What price point is hottest in that area, what does inventory look like?

Before I started I had imagined Columbia was the hottest market in SC.

Reports predict Salt Lake City to have the hottest housing market in the U.S. for 2014, so I'm very optimistic :)