I think it may be a hot button for banks going forward because many people use the term and really intend to either let family stay there or to use it strictly as an investment property.

It's outdated and an eye sore in a red hot neighborhood that I'm very familiar with.

The market up here is pretty hot and it is hard to find an affordable multi-family commercial property that will also meet the 50% and 2% rule.

With the Texas markets as hot as they are currently, it is difficult to find good cash flowing deals on the MLS and purchasing with conventional 20% down is expensive.  

@Mark Nolan hahaha is that you advocating for using mutual funds over retirement accounts :) One of the issues in my region is that it is so hot (Boulder County, I think top 1% of most expensive RE last year?)

If the market is hot in your area it may sell. 

*as a side note, could you tell me whats "hot" in Charlottesville?

Quick and easy renovations can be enough to bump up your home's value without too many construction or design costs cutting into your profit margin.You should also keep in mind that a hot seller's market means less financial risk for house flippers given the lower likelihood of being unable to resell the home.ForeclosuresWith the ability to buy low and potentially make a big profit upon reselling, foreclosures are the types of homes that are enticing to many real estate flippers.Since the Austin real estate market is extremely hot, finding a foreclosed home to flip may be tough, but it can be done.

Understanding the market here is hot, with limited inventory, we put an offer on this property sight unseen first day on the MLS... while my wife is 8 months pregnant...  

Hi @Ian Saingarm & @Eric Bilderback, Yes we are in a pretty hot market here but there is still deals to be had.