Just my two cents:I have understood that only experienced and big players are able to do BRRRR in the bay area anymore.Now there is a trend of investing out of state for bay area investors. 

And I can add this:  recaps are far more common in the institutional capital space, where the players all do this for a living and are used to it and know how to navigate it.  

The really big players have always been about equity not cashflow.

I like to- and I think it is important to- create a really great airbnb experience with fun things like games, puzzles, a record player, VCR (quirky things you don't find everywhere, throwbacks) or whatever works in your market/level of rental.

This is a blurb from Apartments.com - not that they are an authority - but at least a big player:"While occupancy limits vary by state, the US Department of Housing and Urban Development (HUD) states individual public housing agencies must set reasonable occupancy standards to “assist as many people as possible without overcrowding the unit or minimizing vacancies.”

Because a Realtor doesn't get paid until the deal closes, they have to prioritize who they work with. 

I have not listened to 257 although I suspect from your comments much of what is talked about is a little tougher to do in practice.. and works if your a bigger player like the guy probably making the presentation.. for one off or starter investors pretty hard to really build a team like what your talking about.. not enough money involved to garner the loyalty and checks and balances your talking about.I actucally wrote an e book for foreign investors on how not to get screwed in US rental properties..

The best players have coaches. 

-based, Bookkeeper Launch certified, QBO ProAdvisor certified (also, experienced with common REI PM/Project Management software (Appfolio, Buildium, DoorLoop, BuilderTrend, etc etc)), and we prioritize communication with our Clients.If you have any other specific questions, I'm here to help just like everyone else who has commented in this thread.

You may want to use the search function on BP to see who the players are.Do you have any tax questions for the time being?