When I invest in bay area, where the median household incomes and average property values are so high, focus shifts from places meets my criterion than crime and quality of neighborhood.

You'd also need to make sure the property debt services at that high of an LTV.

With this being such a high-dollar investment property, we locked in a 30-year fixed rate with a PITI of $2,600.

Prices are at an all time high and demand for rental properties is skyrocketing.

I’m actually interested in short term honestly Air bnb arbitrage was highly recommended for me to start off.

You might want it to go to your parents, or a sibling, or maybe a child you have.If you're investing with a partner I would use tenants in common instead of joint tenancy; however, if it is an investment I would highly recommend some entity own the property and have the documents for that entity describe exactly what happens to the property in different situations.I hope that help clarify some different situations when one type of ownership is better than another.

My biggest concern is: I would like to have this property cash flow $200 monthly and I'm not sure if the market would be able to support that high amount of rent.

So, an honest appraiser won't value it based just on the high level numbers you are looking at.

Even if you do a cash out refi, you still need to pay off the initial loan, and then will not have enough money to pay all cash on the next and so on when prices are at a high premium.   

Hosts often make the mistake of using low-quality photos or vague descriptions.