People started using Airbnb to rent extra rooms...Then they started renting out entire homes...Then investors started arbitrage, renting annually from and owner, then renting for more on Airbnb...Then investors started buying homes with the intention of renting them on Airbnb for higher returns...Only recently have investors started paying a premium to buy homes based upon expected Airbnb returns.

Since the S&P 500 averages around 10% annually I personally don't see a point in investing in a rental that's not going to at least beat that.

Annualized return should be in the 7-10% range excluding appreciation and ability to refi in a few years. 

- Will your net worth growth from tax advantages, annual property appreciation, debt paydown, etc. be worth the upfront investment (i.e. down payment, closing costs, moving costs, renovation expenses, etc.)?

My short term rentals are in Arvada and my MTR is in Thornton.. they all make a combined total of about $250k in revenue annually...

For example my fiancee and I have invested into 2 $500k - $550k short term rentals here, one of which is now a MTR, and they make a combined total of about $180k annually. 

You can rent out your primary residence or a room in it, but there's an annual license fee and a nightly tax involved.Many investors jumped on the STR bandwagon, expecting the market to stay the same.

Based on the provided real estate data for San Jose, CA 95111, there appears to be a seasonal pattern in home sales activity and prices:Peak Season (Spring/Summer)The data shows a higher number of home sales occurring in the spring and summer months, particularly from March through August.Home prices also tend to be higher during this peak selling season, likely due to increased buyer demand.Off-Peak Season (Fall/Winter)There are noticeably fewer home sales recorded in the fall and winter months, from around September through February.Home prices also tend to be somewhat lower during this off-peak period compared to the spring/summer months.This seasonal pattern is quite common in real estate markets, driven by factors such as:Warmer weather and longer days make it more convenient for buyers to go house hunting in spring/summer.Many families prefer to move during the summer when children are out of school.The spring market is fueled by annual bonuses/tax refunds providing down payment funds.Sellers often list their homes in spring to take advantage of the higher buyer demand.However, it's important to note that this is just a general observed trend.

Hey Chinmay, Depending on your FICO score, annual taxes, insurance, and property location you should be able to qualify for a DSCR Cash Out loan. 

Most properties take a few years to appreciate and cash flow well.Replacing a $60,000 annual salary would require around 50 rental units, assuming $200/month net cash flow per unit after all expenses if self-managing.