"We" don't like to stay in places with no hot water or AC.

I don't get too wrapped up in chasing those "hot" deals.

Things usually take longer than planned, so factor in some bumper time.For example, with our recent hot water heater failure, we had to replace the floor covering (tore off three layers of vinyl flooring) in both the laundry and adjacent kitchen.

So the next step is figuring out where to start.I know the recent hot markets include Atlanta and several cities in Texas, but it seems like those markets are all super hot.

He started with 1 unit to air b&b and the other two market rate, which is $1,000 a month.

., which is a hot market right now.

In addition, you're starting to see rental growth rates slipping and with so much new construction going on, construction costs have been skyrocketing across the country.Like @Brian Burke said, today you can still buy at way below replacement cost, even in hot markets, so unless you're plenty experienced on construction and/or have millions to spend, I would stay away. 

Michael Seeker palm bay is a hot market right now.

Still a hot market for 50 to 80K.When i went to research Florida, I set up meetings with realtors, PM's, even met some wholesalers.

Heat loss to air and adjacent concrete and snow/ice has to be exceeded by heat added by electricity.