Striking resemblance to napolean hill

Now let's look at the resemblance of human behavior between the last housing market and this one.1989 and 2005 - top of the market1991 and 2009 - bottom of the housing market1992 and 2010 - 1st rebound1994 and 2012 - 1st small pull back from the rebound1995 and 2013 - 2nd rebound1996 and 2014 - 2nd small pull back from the 2nd rebound1997 and 2015 - the 3rd rebound???

I don't think it's a bubble, although it might resemble one in your area. '06 was different. the property values were artificially inflated nationwide. mortgages for virtually any amount could be gotten, i.e.100% financing, no proof of income. even appraisers were in on the action. mortgage brokers and lenders were making a fortune because everybody wanted a bigger house, irrespective of the ARMs and outrageous rates. lenders didn't care if people defaulted because they were passing the proverbial hot potato by bundling all those crappy mortgages and selling them to investors as mortgage backed securities. it was coined "irrational exuberance" (patial thanks to alan Greenspan, but he's a separate topic not worth exploring here). easy money created high demand for a relatively low supply. prices went through the roof. until it all crashed.fast forward to '16. lending standards have tightened and prices are back to normal levels. interest rates are low and that's good but you actually have to be qualified to get a mortgage these days.  

The impoverished city where crime and opportunity more closely resemble a 3rd world country (this is the side most national media portrays as Chicago, and the 2 parts Detroit), and the middle class and wealthier people live.  

You might try some of the new tile that resembles wood if you like that look.My view of appliances is that tenants want to be able to move right in, and you will lose some prospects if you expect people to provide a washer and dryer and especially a refrigerator.

There is a ton of liquidity out there that would have to be whipped out to have anything even resembling '09'/'10' market. 

The data on the MLS's can be interpreted differently by broker/agents of varying experience levels so it's important to not use a new agent especially in your complex situation.Next level up is a BPO ( brokers price opinion ).This is a more detailed report than a CMA and usually resemble closer to an appraisal with adding and subtracting features and information data to arrive at a more accurate value and selling price.

@Adam Kibler  Even though a wholesaler doesn't represent the buyer and seller in a "legal" sense (this would definitely be illegal without a license) they still act as a broker to the deal by essentially bringing the buyer and seller together in the same transaction, which to me very similarly resembles dual agency.

This is arguably still not investing, insofar as it’s not a capital investment on your part anyway, but the returns, structure and upside more closely resemble a bona fide investment.

Now that I'm in full body itch mode, thank you, that does resemble many of the vacants that I've seen.