Hope it's not like going to the Casino and hitting it on your first slot roll. 

It is disheartening to hear about waiting for another year or two to invest, but I do agree that the market is hot for sellers right now; I'll still be on the lookout.

I just sold a SFR rental property for another BP'er who lives out of state - we just went on record at the Registry of Deeds a few minutes ago.I knew that the market was very hot in Quincy, MA where the house was located, so I set the listing up specifically to orchestrate a bidding war, using a combination of timing and strategy.I got about 65 people through a 2-hour open house. 

(RD has more hot listings, though not as many as Fed Hill and its surroundings.) 

Depending on your goals and price point, I will advise you to better buy condo units in up and coming areas in hot markets in newer buildings with low monthly assessments.

Only big picture people would ever consider not getting every dollar of cash-flow possible into their hot little hands, waiting instead to see how it will impact their tax burden for that year.

Lots of nice properties but decided the market was a bit too hot and people were asking too much money.

I know the market is hot right now, but I see north and east Austin are really starting to expand into the rural areas.

If I am in no hurry I just give them a slot to do it in and they use it for fill in work.

Pretty sure you hot deal needs to cash flow enough to pay the down payment loan in 36 to 60 months depending.