You are competing against a lot of investors banking on the continued double-digit appreciation and not buying so much for the CF. 

I have two properties I am planning to rent as mid-term (30 day minimum) rentals with intent to market to travel nurses/digital nomads.

Again, I go with low-end because they offer higher returns than middle/higher-end units, which are offering low ROI (single digits) in my area, and at those low rates, I would rather put my money in an index stock fund that returns 6-7% average over 10yrs and not have to deal with a single phone call.  

The Noah's properties haven been solid but you aren't in the double digits on return like other more aggressive and yes, riskier projects/products.

As far as Skip Tracing, since we live in a digital world now, many times we leave a digital footprint of our activities/whereabouts.

Good to see you again - digitally. :) Yes, I'm still around... somewhat.

Expect to only get ongoing mid-single digit returns on your cash if you're buying at market and letting someone else manage in San Diego.  

I'm seeing people get into these deals, the Cap rates are so low that even when fully levered using this program, the CoC returns still only hit the mid-high single digits.

In between is where we get the bubbles and the busts.Cap rates CAN fall to silly low unsustainable levels - look at Hong Kong and Singapore with 2-3%Rents CAN rise to silly high levelsInterest rates CAN jump to double digits (if this ever happens again, I'm buying 30 year treasuries...)But as you rightly said, most of this is academic.

Here's a current list of deceased from the WA State SS site: http://www.digitalarchives.wa.gov/Search#10 WA State Digital Archives You know as much as I do - I'm learning this along with you.