CAP rates are a crummy way to value residential real estate and an equally crummy measure of financial performance for all of the reasons mentioned above and more ... you may disagree, but since the only other person out there that regularly disagreed with you on this was kicked off this site for doing so, and just about every other turnkey operator seem to be in the business of perpetuating it as a metric to try to artificially pump up the attractiveness of their offerings and scam newbies, please forgive me if I try to offer some counterbalance and perspective to other new investors who would otherwise not have any other exposure to such radical ideas as using CAP rates the way they were designed to be used by the professionals who use them.

So while I see the value in having a mechanism like this in place, giving it to people will only perpetuate the problem of bailouts down to the personal level.

But it will be hard to replace Realtors because they have a good system that perpetuates their importance.

Unless you want to do investments and property management full time, obsessively, I’d agree with @Christine Bellish that syndication investments would be a great option to turn tour profits into perpetual wealth.  

"Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly." - Winston Churchill

Every cost after awhile becomes finite, not perpetual.

You've got that right on high demand, and I would add the other key element for high appreciation: you also need perpetually limited housing supply.

Calling someone an "employee," but putting them on 1099, and paying them the same as what W2 people with benefits get, is a huge rip-off that many Fortune 500s, as well as smaller outfits, perpetuate.

Currently I'm investigating Danny Johnson's REIMobile since I'd already have to pay a perpetual fee for use.

I see stereotyped ideations of wholesalers with no regard to those who are doing it right.