If you have any questions, there are some really great lenders/brokers on BiggerPockets and I know they will offer some incredible advice to help you navigate. 

To me, this doesn't ring as true in hot markets like where we work in Colorado.

ALL.The second overheats on it’s outer walls, where is feels dangerously hot (not just warm).I’ve never had any new appliance not operate properly and am wondering if this is a trend or if my 2 out of 2 refrigerators ended up being outliers.The dishwasher hasn’t been installed yet, so the jury is out on that one.

When the market is hot, cap rates are low because buyers are willing to pay a premium for an income stream, typically on the belief that the income stream they are buying will be larger tomorrow than it is today.

In a hot market make strong offers and compete.

It was an incredible experience, but if I lost some money and gained experience, I still would have been thrilled I did it.After that, I aim for at least $20k on a deal.

Market is too hot to start nick picking items.

Finding deals is incredibly tough right now, even compared to just a couple of years ago.

I added a bedroom, renovated everything, and rented out my 3 extra rooms.The equity has gone up quite a bit between the improvements and the hot market.My plan is to leverage the equity to buy my next property.

Honestly it doesn't really come into play in this hot market.