0 down deals aren't impossible to find but they are few and far between in hot Texas markets.

I'll get a hot tip from a realtor about a property about to come on the MLS below market.  

Stained ceilings are often a tell-tale sign of leakageThe interior walls of the property must not have chipped or peeling paintPlumbing and Sanitation The property must have a fixed water basin, flushing toilet and shower/bath tubThere must be no plumbing or water leaksThere has to be hot and cold running water in both the kitchen and bathroom The bathroom must have either a window or exhaust fanThe water heater must have a discharge tube that drains to a floor pan, outside, sink, or other appropriate place. 

East Nashville is really hot and appreciating rapidly.

2 bedroom houses are hot right now out by me.

Im really hoping that their winterizing company did a good job because it has been a brutal winter here and there is oil burning furnace and hot water baseboard heat. 

I'm not disagreeing with what you're saying, but If I flipped one house quick because my market is very hot right now, I could make enough to carry me another seven months.

I do this for a number of data points... the data sets I find most relevant are home ownership %, median household income, % of people w/ at least a HS diploma, % of people w/ at least a bachelors degree, % of vacant housing units, and school data from some independent rating site (I personally look at niche a lot).

I wish some of what was said above was made clear to the many newbie  posters looking for hot Florida markets  and think they can just  grab a property manager, set it on autopilot,  and make the mega bucks without much risk.

They refer to people as millionaires, but their definition is households with annual AGI over $1,000,000.