More context is I'm planning to buy and hold this for a while and even with the cost of a new roof added on top of the purchase price it's coming in pretty competitively in terms of comps in a hot market.

I have been trying to get one since April but the market is red hot and I had lost close bidding wars up until now.Our offer was accepted and on Friday, we had the inspection.

It shows that the Kansas City real estate market continues to be hot through April.

But it is growing and has a fairly hot rental market.

Denver, CO has been a hot market for industrial over the last few years.  

In early 2005 (a very hot market) such a property was listed.

It's sooooo crazy.This is the part of the article that resonated with me "Glenn Gulley, a real-estate fraud investigator with the district attorney's office in California's Stanislaus County – one of the nation's hot spots for mortgage fraud – recalls calling servicers repeatedly about fraudulent deals and never getting a call back."

Interesting... whats the hot real estate market now days?

It quickly made me realize that Atlanta (where I live and invest) still has much more potential (even now) than most of the "hot" markets.  

I'VE BEEN HAVING A TOUGH TIME DECIDING WHETHER THE MARKET IS GETTING TOO FROTHY, AND ASKED MY BROKER WHETHER HE THOUGHT THE MARKET WAS TOO HOT:"IF THE MARKET'S DOWN, BUY!.