I read a few articles on there every morning.Great way to stay up to date of the potential hot areas.

Austin is just about as hot as it gets.

If he really thinks he has a hot deal he should lock it up first with a contingency to get out of the deal, but the forum is meant for him and others to better learn how to analyze a property.

Commingling funds can obviously land you in hot water. 

@Nick Rice I think all chris was saying is that the market as a whole right now is pretty hot, and there are bidding wars going on, "almost" everywhere, and when a buyer comes in with a FHA loan nowadays, usually there is a couple other bidders already bidding on the same property with 20%, 25% down, maybe even full cash, so the 3.5% down offer to a seller is a bit of a last option.  

and yes if the buyer wanted this property.. the second they got the counter and if it was acceptable they should have signed it.. then get it acknowledged and then they are in escrow... if they wanted out I am sure there was a due diligence period.. this is the type of mistake folks only make once its a learning curve however the buyers agent should have told the buyer they risk losing it by sitting on the contract to the very last second. this is why in hot markets you see sellers and buyers make offers with ONLY hours to repond.. offer comes in at 1pm and they require a response by 5pm.. giving days to respond is nice but it does set you up for what exactly happened

We're still growing in Cbus, have hot companies and educational institutions, and we're not oversaturated with MFH housing yet.

I plan to live in the property for the time being with roommates and then eventually will turn it into a rental so I want the numbers to work on it for a rental.I think the house is below market value here, things are hot so I think $120,000- $130,000 or more might be needed as a bid to get the place.  

The front range of Colorado including the Fort Carson area has been a very hot market so appraisal timelines have been lengthened in general, but this is especially true with VA appraisals because the appraiser has to have special certifications to do a VA appraisal and the VA appraisal has more stringent standards than a conventional.

It would be a pretty useful metric to use to evaluate how 'hot' the rental market is for a particular area.