I have been researching the market in DFW, and I know is pretty hot right now, and it will be more expensive in 2 years.

Richmond is hot these days which is why the seller may think they can get more than market value, but in my experience the bump is usually only a few thousand more than market, not 20k more.

Oxon hill and Temple hills areas in MD are definitely hot spots now with the coming of he new Casino in the National Harbor.

By the 1940s, New York was passed over by Argentina as the new hot spot for a new life.

http://www.biggerpockets.com/renewsblog/2015/07/15/bp-podcast-131-investing-in-multifamily-properties-in-a-hot-real-estate-market-with-serge-shukat/

Jeff Joachim, Sarasota/Bradenton market is very hot.  3.5-4 months inventory. 

Raleigh is the hot Market for any type of real estate buy and holds would benefit you anywhere near the research triangle park or RDU area in general!

But lots of folks are finding ways to do it, and tiny house communities are hot right now.  

Welcome to the site.Detroit investing seems to be somewhat of a hot topic around this site.

In terms of analyzing the deal sufficiently I have no worries, it's just a matter of finding a way to find a good deal on a property in such a "hot market".