There are many variables that increase real estate returns and they are rarely addressed when comparing it to the stock market.

Days on market is about 2 months, slightly better than earlier this year but relatively speaking, it's still a more balanced market compared to rest of the Bay Area.

A really nice home with some extra touches (a little granite, better flooring, nicer paint job, nicer cabinets, etc.) compared to the area will make potential tenants fall in love with the place.  2) Tenants that bring or can swing their own appliances are more financially stable (or just stable in general, ha!)

I am comparing both of them right now and while people seem to prefer Propstream, I am surprised to see how many comps do not come up in the search, while Batchleads and even Zillow give me more results (using the exact same filters).

However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

If you are comparing the two, you may get more appreciation, but more issues in Long Beach versus something steadier in Riverside.

The second habit that has helped me track my finances is that I’ve created a personal spreadsheet that I fill out at least once a month that tracks certain financial metrics I’m interested in comparing.

Quote from @Zachary Deal: A lot of investors utilize the BRRRR strategy in those markets as there is relatively high rents compared to the value of the properties!  

Compare comps of recently sold homes in the last 6 months ( In this case, where do you find sale information?

The information required to select an investment location that enables financial freedom is readily available and straightforward.