I live in Charlotte, NC and I keep hearing the market here is hot and only growing larger.

If you have legitimate expenses from the time it was listed as an air bnb and those exceed the income you can potentially claim that loss. 

@Dylan Eggers - Commerce City has had insane returns the past 5 years (the house values had doubled) but in 2019, it seemed like the Suncor facility was making people sick, so I agree with Craig about avoiding that area. https://www.thedenverchannel.com/news/local-news/regulators-hit-suncor-energy-oil-refinery-in-commerce-city-with-over-100-air-pollution-violationsThat said, I love Thornton and Westminster.

Pool, hot tub, dog walk, fitness center, etc... 

If time is your biggest concern you better have the budget for over time on labor and air freight on materials.

A year's worth of medical payments due 30 days after hospitalization).Billionaires don't have to worry about a hot water replacement in January, costing you $800.

@Gregory CudziloThe entire metro area, with exception to the far outlying areas, have been hot for a decade and will continue to do so.

Cups and helmets are required at all times.You need to think outside the box, and learn how to make deals out of thin air. 

I would suggest not looking in the"hot" markets. 

Ohio is hot !!