Then the next time you find a deal that meets your investment criteria, at a below average price, then buy it. 

But I'm just curious, what's the average view-to-application ratio anyone is seeing?

All short-term rentals of less than an average of 30 days per year belong on 39 year depreciation schedules.

Would have done 2-3X better in stock market, and with 1000% less grief/stress. read this to start with Why your house is a terrible investment - JLCollinsnhAlso, big picture, residential RE, appreciates only at rate of inflation, on average both in US and abroad."

The citywide vacancy rate is about 8%, which is on par with the national average.

Similar, average rent in san diego is noticeably higher than $100/day.  

I would personally never invest in a high crime area, especially for an asset that will have below average appreciation. $300 a month cash flow is not a bad target but when you are dealing with properties of that caliber, one bad tenant or big repair can wipe out years of cash flow. 

The one that I'm looking at is averaging 6.25%.

Listings are selling for roughly 92% of their list price on average.

Even we knew we can achieve above average from the get go.