Others go like a hot knife through butter.

The building is in Fresno, CA so pretty hot in the summer.  

My area is really hot and nothing goes for less than $200k, so mortgages for $35k are difficult-to-impossible.

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days.

The market:  Omaha has been in a total seller's market for the last couple of years, and this past winter, in which the cold weather typically slows sales down until spring, it remained hot, setting up for a crazy spring.  

You make your money on the purchase - not on the sale or on the "cash flow".There are opportunities to make money in certain "hot" markets on occasion like Denver and Austin, but on the whole, the majority of your money is going to be made from the purchase price of the house when you bought it.  

It is a hot market, but I think there are still locations where it makes sense to invest.

IMHO, the cold hard reality of Raleigh/Durham and the immediate surrounding suburbs is that it's very much a hot sellers market and my guess is that prices are at or rapidly approaching the top of the current market cycle.

Hi Albert Melo, Lol absolutely, it sure is getting hot out here.

Josh Oaten I think you have already got the professionals in the field given you great advice but here is my two cents , start listening to podcast Lifetime cashflow by Rod Khleif.