This post was prompted by this quote from the website of an established syndicator, emphasis mine:"What kind of tax impact is there?

.* Less owner occupants are typically interested in multi-unit properties, and therefore, there is less outside motivations (emotions, etc) and more emphasis on financial returns (investor motivations).

This, in turn, will lead to a global financial lockdown as both Hong Kong and London are International financial hubs for their respective geographical regions.

The company sells new builds in "global cities".

There is a global trend of living in urban settings.

Now, if you're going to employ a strategy that relies on equity to obtain more properties or you know you're going to start in SF and then cash those properties in so you can move into MF, you'll want to place more emphasis on appreciation.

This year took off halfway through January which can only mean its going to be a crazy summer season and values should continue to rise faster assuming no global or micro-economic shifts. 

When you are analyzing your market how much emphasis would put on home ownership vs rental.

We truly are a global economy now.

If you're not looking for a global or national chain, but instead looking for a boutique or mom-and-pop hotel or motel or bed-and-breakfast, just visit the areas you'd like to buy in and ask folks if they'd like to sell.Put @Scott P in a reply so that I should get an automatic notification if you'd like more thoughts.Good luck!