Hey everyone,New investor here, i'm looking to purchase my first rental property and my main issues are :1-Like most places the market i'm in is very hot now, the numbers are not adding up very well and there's no way in hell to find something that will make 10+% cash on cash.2-The only "cheaper" better performing stuff will not be the beautiful brick and mortar, 4 or 6 plex, you know the one that was built for that purpose.

We finally completed all of the rough-in work, moving walls to add a master bathroom and indoor laundry, and fixing the never-ending list of broken things that need repair on this 60 year old home in VERY VERY HOT Cathedral City, CA.   

Is your area a hot market?

Multifamily has been on a hot run in the past few years.

It was a HOT day, but went through with it anyway.

I’m trying to understand how to identify hot markets outside my state?

Who is in the Nashville market and or surrounding cities?

Have a cold one and chill out...So what you're saying is that your local market, which I presume you know well, is currently depressed due to storm damage in an otherwise red hot nationwide market.

There are some markets that are lagging behind but they are still flaming hot markets.

We have remodeled the kitchen, and slightly remodeled  the bathroom, added pavers and rocks to the back yard, new gates.East Whittier is a hot area, because prices are distressed, but it's close to everything, good schools, crime level is low.Agents are contacting me like crazy to sell (could be the season), but I'd like to know if it's a good idea to sell for top dollar before the meltdown, or hold tight with our low-ish mortgage payment ($1,848)?