Doing so can provide you a small advantage that can help you get a deal in a hot mkt.I researched mkt rents by talking to multiple property mgrs, area locals and skimming sites like Zillow and Trulia.

The house already has central heat and air, but it is in Arkansas and summers are hot here.

Florida is hot and humid, and it can happen to smaller diameter pipes sometimes over decades. 

The great thing about these investments is they're almost recession-proof.Of course, if you're looking for more standard "hot real estate markets," this article has a good list:https://www.forbes.com/sites/trulia/2017/01/04/10-hottest-real-estate-markets-to-watch-in-2017/#2d58408e340c

We are in a red hot market in the Southeast.  

Given the hotness of my local market and the trust I've built with them, I could probably raise 100k-200k of private money with minimal effort.

I have a 50' wide x 150' deep undeveloped lot in East Lake Atlanta (very hot area) on Salmon Ave.

I'm wanting to try this model in my home market of Los Angeles but the rental market is so hot I think I'll be sorting through a lot of leads before I find a landlord willing to take a (perceived) risk on me vs. a traditional tenant.One question - why would a landlord agree to first months' rent due after 60 days?  

Market has been hot with out of state investors. 

I suppose my view of the Fix/Flip market being super competitive is colored by the mainstream news stories talking about how "hot" the flipping market is in Phoenix, and even seeing TV shows featuring some of the locals.