Once I found BiggerPockets I realized there is money everywhere so that became much less important.Once you don't buy the $20,000 to $40,000 they drop you like a hot potato.  

Before you dip your toe into house flipping, spend some time researching the average costs of repairs such as a new roof, replacement windows, heating and air conditioning maintenance, exterior paintjob or new siding, hot water heater repair or replacement, and mold removal—and that’s just a handful of possible problems.Create a budget repair sheet and do a walkthrough with a general contractor prior to initiating work.

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days.

You never want to try to make money timing the market, and that's what hot markets are all about.  

Put another way: developments are risky, even in hot areas.

Just hot water?  

There is plenty of development commercial and residential in Tampa so alot of up & coming markets have great upside- only problem I see is that the market here is very very hot so finding a deal is tough.My hacking plan originally involved finding a duplex or 3plex, but I don't believe my mortgage program qualifies me for those.

On houses that are 'hot', an agent asking for H&B is not uncommon.Happy investing!

I think it seems "hot" right now because BP and other forums make it easier for more people to be included in the conversation.  

I'm enjoying this thread because I'm frustrated with the FL market right now, unfortunately I didn't get in when it bottomed & its a hot sellers market.