If it's not from Libby chances are it's not hot (asbestos containing).

I always thought it was ARV*70%-Rehab=PP.I can't imagine getting a house for 70% in the hot markets I am in such as Denver.  

I've been looking at some older SFR's for potential rentals, however a few of them have gas boiler heating, so there are hot water radiators throught the house. 

Owner probably not interested in a Hot Market.  

And yes, the lockable thermostat is a must, as it takes any issues about how hot or cold things are out of the tenants' hands.

., in a Radon hot bed.

Yeah, that area is pretty hot.

There are ways like a reverse 1031 that could help with this, but I would say in general that a 1031 makes the most sense when you get a great deal on the replacement property, and that is tough to do for me in my hot market, but your mileage may vary.Unless you are dead set against holding as a rental, I'd seriously consider cash out refinancing to fund your next deal or hold tight without cash out refinance until you have saved the capital for the next deal.Or if you are set against holding as a rental and you want to be a flipper, then just sell and pay the taxes and move onto the next one.

However, hot is hot.

Looking for Multifamily Units in Raleigh, NC but the are is very hot and the properties are usually gone after being on the market for a day.