I was driving around a bad neighborhood during a trip and thought about the businesses that are generally only in bad neighborhoods(pawn shop, money tree type business, ect.) and businesses that are generally in middle class neighborhoods(panera bread, lululemon, coffee bean/higher end coffee shops, ect.)

I am through Dalhart often driving back and forth from our homes in Austin and Colorado. 

You will poison your minds and drive yourselves crazy attempting to make sense of any of it - the evidence of that statement is found right here in this thread. 

Property is in a good spot of town, 5 minute drive from the local college. 2br with a basement that has room for either 2 additional bedrooms or 1 bedroom and a kitchenette space.

Should I start cold calling or driving neighborhoods to find potential properties; isn't that kind of the agents job?

I'm not sure the volume of deals went away, but the fierce competition is what flooded the market, driving up prices quickly.

Such a property might get both local Jews staying for Friday nights (because they walk to services and can't drive on shabbat ) as well as surge demand from Jewish families visiting for the many holidays.

I found the house driving around the area, they finalized the negotiation for me.

It sounds like you're saying high quality analysis is not only an advantage to the analyst but to other buyers as well because when she buys an undervalued stock, the analyst increases demand and drives the price up until the stock is valued correctly. 

Driving for $$ is about the best I've found, and that's marginal.