My question is whether that is a viable strategy in the DFW area given how hot the market is here and the seemingly uncommon nature of 1-4 multifamily properties?

His conclusion was that even though the San Diego housing market was hot, he didn't see it as a threat.

In most markets right now both would probably lose though because someone would offer above asking cash because RE is so hot right now.

Austin is also nice and lots of opportunities but boy that place is sweltering from June to September.Atlanta metro is also hot.Obviously the usual suspects on the coast like NY/NJ or CA/WA are perennial "hot" markets but there you got to pay big time to play.In general, if you are looking for growth, it is easy since the USA is experiencing record growth.

Market in northern Virginia has been HOT.

I frequently hear Denver is a hot market for instance.

I think $110 is reasonable, even a little conservative because there are some pretty nice amenities they will have access to (outdoor fire pit, basketball goal, swimming pool, hot tub).

Although it can get very hot and humid in Savannah, so i see it as a plus personally. 

It's a "hot market" and the entire planet knows it's a "hot market". 

We're pretty far along in a hot market here in Philly, so there is lots of competition.