Hi I am new to big pockets and fix and flips I was wondering what areas across the country are hot markets right nowThank you

I am not sure about the networking side of things, but I do know that there is a website called thebluebook.com. 

Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

I live on the West Side so I've been meaning to go to the Westwood meetups.

I think that should be compensated.The GC in this flip isn’t an actual GC, just someone I know who has GC experience who wants a side hustle and is willing to risk making $0 for his time and effort in managing the construction end.

Maybe you want to partner on several deals but also be allowed to have other business on the side for yourselves.

Just very curious what returns are like in other areas right now, since the market for selling is so hot right now in Vegas and it doesn't seem like there are very many small multi-family deals (at least, not much on the market.)

You would have a real nice waterfront / view home on one lot, surrounded by run down shacks on 3 sides.

A backdoor duplex (not zoned as a duplex) in a hot market. 

Russ when people ask me about this side of the real estate many times I relate your personal story.. as I found it quite interesting.and that like with most business's that have the opportunity to make significant income you actually need significant up front capital to launch and have savings to live on while you prime the deal pipe line..