:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Although that is historically quite low, this was the fall of 2013 so I should have gotten a better interest rate.

Websites like Zillow, Realtor.com, and Redfin offer valuable insights into market trends, median prices, rent estimates, and historical price data.

My other San Diego STRs also have lower ADR than historical expectations. 

Looking at historic sales though, seems rare. 

I am weighing this option against investing in an S&P 500 ETF in the stock market (historical 10% return).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You'll find some crime as you would with a more affordable area but overall it offers good rents in a time where rents are at historic highs.

I am weighing this option against investing in an S&P 500 ETF in the stock market (historical 10% return).

I house hacked my first two houses before I'd ever heard of BiggerPockets but it wasn't until I did my first true investment deal, a 100+ year old home in a historic district that was a full gut rehab, that I really learned some of the lessons that I'd heard and read previously.