We have a severe rental housing demand in town, so I feel very confident that like the house next door we could get $700.

If a tenant has lived there a long time and has a lot of junk and you are making demands to move and leave in broom swept condition that can cost them a ton of money for dumpsters etc.

My concern is that demand will continue to dwindle or that the appreciation will go under zero into negative.

Maybe, if the right property could be found.Is there a big enough demand for vacation rentals in Seattle?

How strong is the rent demand?

As you know it's extremely restricted wrt growth, has tons of tech money pouring in, and is in constant demand.

Definitely no cash flow to be had from the first two options, and flipping is a totally different animal from what you are really looking for it sounds like (passive income), plus aside from the risk of flipping in general as someone with no flipping experience, you are also taking on risk with having partners set up like that.

Apartment demand and development is surging is some markets, including Texas.What would be your criteria for developing multi-family?

The reason CAP rates for Class A buildings in Manhattan and Miami are around 4% is because they are viewed as a very high-demand and safe investment.

Is it realistic to purchase a buy and hold property that cash flows in CA with current prices and investor demand.