I've found too many CRE owners overpay in a hot sellers market (much of the U.S. ) with a 1031 exchange + take on too much debt, since this is what they are used to and maybe the only strategy they know.

That kind of shoot-from-the-hip approach can be fun for a minute, but it usually ends up like my old buddy Rick’s first deal.. he bought a distressed fourplex in Tucson years back without a real plan, and while he eventually turned it into a solid monthly cash flow, he spent the first six months sleeping with one eye on the tenant ledger, praying the HVAC wouldn’t bail on him after a hot desert day.

I just had a vacancy come up in the middle of a fourplex escrow and the seller had the unit re-rented in under a week for $50/more per month. 6) Yes it's hot, but with individual metering the landlord doesn't foot the electric bill 7) Yes the market is competitive here, but mostly for 3/4 unit properties.

In hot markets like Austin, having an agent network can be a massive advantage.

These two states have been super hot over that last few years when it comes to both single family and 2-4 unit multi=family rentals.

It’s always interesting to hear about emerging trends or hot opportunities in the market.Looking forward to seeing your insights and contributions here.

It will damage the firebox and the chimney as it burns hot and fast.  

If you're going to work with contractors, collect rent from tenants, or try to bed the hot chick at the bar, you better learn to recognize warning signs and get out early. 

Quote from @Ronald Rohde: nice update, pretty bird It’s hot down here around 90.  

Eventually, when things get more hot this will be an issue.