My hypothesis is that Airbnb is significantly winning share and moving up the value chain in this geography... and it is this realization (possibly globally) that is leading to this verbo rebranding effort.

So is the Sales Proceeds when you sell.When an Investor believes that the definition of Cash Flow has ONLY (and I want to make sure you see the emphasis on ONLY) to do with how much monthly cash he puts into his pockets on a monthly basis and ignores all other cash flows, the the statement "X property makes $xxx amount of cash flow" is FLAWED at best.As Kai pointed out, you can be at ZERO monthly cash flow but if you sell at a huge profit, meaning your LAST cash flow which is your Sales Proceeds is HUGE.... your overall Return is GREAT, if you count EVERY Cash Flow.Similarly, if you were making, say, $200 per month in year 1, which may be a 10% Cash on Cash Return if you invested $24,000 out of your pocket, BUT, if you were forced to sell the property after Year 1 for a LOSS of $3,000 in Seller's Closing Costs, then your DEAL was BAD because you lost money overall.

This is a very fascinating read with fact based data.While reading, I kept wondering, what has the greater impact on the Bay Area housing market - global growth of our existing tech giants or the fleeing of them and their workforce to other states.

Hi Looking for exciting investment opportunities for a passive stream of income .For background I work for a global investment bank designing and managing market linked products.I have made two rental property investments close to NYC Metro area but the rental yield isn't that attractive as in other up and coming parts in the country. 

@Harold Albertson we utilize Realpage, which is a global leader in this space you are in. 

So if there is ever a major global crisis and rates are already super low or negative when the economy was decent then governments have already played their cards in the good times.

You may still find some investors that way but I'd suggest putting a heavier emphasis on building investor relationships through your personal network. 

For those familiar with the novel; you would understand it puts a HUGE emphasis on building a "mastermind" group.

I'm looking as well with emphasis on tax strategy. 

I've seen this quite a bit.On the other hand, it takes a lot of work to be a good (emphasis 'good') buyer's agent, find you properties, vet them before sending them to you, do research on them when necessary, and then show them to you.It's actually really hard to be a good 'half' buyer's agent, as in, "my client is pretty sure they know what they need to know" (sometimes true but sometimes not), "so I'm just acting like an upgraded Zillow and sending them stuff, but in order to really do my job correctly I need to vet the properties and give my opinion, but that takes a lot of time and this person is totally happy to ditch me and buy without me so really, why spend all that time doing that."