My father in law lives in hot spring and we go visit him once or twice a year.

The mayor has been hot on out of state investors and poor property managers since his campaign. 

Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

I don't want to try to predict the next "hot market" or "hot asset class."

Vinyl siding with partial stone across the front.

Mission KS is a hot area in the metro, not surprised it sold fast

NOT Portland proper that sucks but the metro is quite hot.

I guess Air BnB is the newest hot topic.. nice southern gentlemen.. can't comment on his class or anything like that since I have not sat through it..

Indianapolis for example has been a Hot market for the last 3-4 years since COVID blew up home prices back in 2019. 

Most owners are local and therefore “hot” money or out of area players are not yet chasing Pittsburgh assets, keeping prices favorable.References United States Census Bureauhttp://www.cmu.edu/news/stories/archives/2017/august/economic-impact-report.htmlMarcus & Millichap 2017 Multifamily Investment Forecast2017 Commercial Real Estate Trends Report by Integra Realty Resourceshttp://www.pittsburghmagazine.com/Pittsburgh-Magazine/September-2017/Staying-CMU-All-Eyes-on-Carnegie-Mellons-Future/http://www.nextpittsburgh.com/features/pittsburgh-developments-watch-2017/