There are certain areas that are very hot, but just a few blocks away you could find yourself in a very rough area. 

Ill probably go the route of 8 new boilers if I do close, but was thinking about this and wanted some hot takes.

Chris, I am in Auburn, the market here is pretty hot.

Those markets have been hot for a decade and longer.

NEVER, EVER execute a lease until you have greenbacks in your hot little hand.

I'm not familiar with what's hot in Kentucky; but nothing about that color screams unique or attractive.

Ian what does the charts say will cause the correction.. for me in the real world of buying and selling.. what I see in some markets is high end is dicy ( luxury)  starter still pretty hot and first time move up.this is quite regional as well.. since our west coast markets are not SFR rental markets like it is out your way..

@Greg Ghunt, how smoking hot is this deal?

You have appliance,hot water heater,hvac,painting,cabinets, etc.

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.