This is by far the hottest that I’ve ever seen it in my investing and brokerage career.  

August is typical our hottest month of the year. 

Quartz counter tops have been around for decades, yet they are one of the hottest design materials this spring.

Nashville is one of the hottest markets.

The Phoenix Metro is one of the hottest markets in the country.

(Colorado Springs is the hottest market in the country according to the dubious rankings put out by Realtor.com.)

1) Find someone with some experience to walk through this one with you.2) Project NOI3) Make offer subject to at least a financial review4) Review seller's financials5) Renegotiate contract (if applicable, but spidey senses pointing towards definitely applicable)6) Assign contractAdditionally, factor in that commercial store fronts may not be the hottest market to your buyer's list right now.Good luck

@Dan Rowley while cap rate has seen some compression its no worse here that elsewhere in the hottest markets in the nation. 

However, in my experience most foreign investors love to follow the hottest trends which in Miami IMO is still the luxury condo market.

I work out of Tampa which is one of the hottest markets in the country right now.