Not to mention sky-high drama factor.

If one is way too high or way too low I think its a red flag. 

In fact the demand is stronger than I've ever seen it, though prices are high.

Are their listings detailed with good-quality photos?

Highly recommend starting close to you so you can get eyes on the property if you do decide to purchase a true rental. 

Earthquake fault zones, flood plains, and high fire hazard areas are off-limits.

For example, roofers, welders, and construction workers frequently make above $40 an hour because demand is so high."

One book I highly recommend is “Buy It, Rent It, Profit” by Bryan Chavis—it’s a great read for investors looking to build long-term wealth.Best of luck with your real estate journey!

Do everything right: To include but not limited to pro photos, professional quality design, durable furnishings.  

"Inflation expectations" is a purely rational and logical way to look at it, but let's consider that bond market buyers/sellers aren't 100% comprised of Vulcans, and that there are highly emotional and irrational individuals among them, as well.