Hi, I been hearing from everyone that Charleston South Carolina is booming for real estate, what I’m worried about is a “bubble” forming as everyone and their moms are saying Charleston is red hot and that’s usually the time to avoid an investment.

me the "local considerations"Sure, for one it's a great AirBnb market, another is that it's HOT down here (both temp and market), another is that there are reverse seasonal considerations (most of the year, including winter, 80 degrees is normal), another is that it's competitive to find good properties right now, another is that a lot properties are in HOA's and there are specific laws regarding them, another is that taxes are low and I do mean low, and Phoenix is very profitableAverage Turnkey Cash Flow Per Door In PhoenixMetro Area No Bank Financing Neededhttps://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area

It just seems a little off that the owner that bought last year would be selling a property like that with that much of a loss in a hot market.

It was a week with no air conditioning in the hot desert. 

I tend to see stolen light bulbs, smoke detectors, hydraulic door closers (yes), shower curtains and shower curtain rods, toilet paper spindles, medicine cabinet glass/wood shelves, window blinds, they also tend to break ceiling fans.

The market is HOT here. 

Either way, this Landlord sounds like a hot mess.

Termite Damaged Studs $1,000.00 Assume replace 20 EA studsRodent Extermination $150.00 QuotedNew Roof $5,750.00 Quoted - Partial re-decking at 10 sheetsNew Hot Water Heater $750.00 Assume $500 water heater and $250 installReplace Aluminum Electrical Wire $300.00 Assume 4 hours @ $75/HRTotal Rehab Budget $47,057.98 Contingency at 10% $4,705.80 Original Purchase Price $45,000.00 All In Cost with Original Purchase $96,763.78 ARV of Home $95,000.00 Based on ComparableAdditional Scope $11,792.98 New Purchase Price $33,207.02 All In Cost with New Purchase Price $84,970.80 Any advice?

I don't like the vinyl siding because I've seen it distort as the hot sun burns down on it.

For instance, you mentioned Phoenix AZ is a hot market.