I read the beginners guide to real estate, and based on my interpretation of the section about the RE cycles, it seems pretty clear that this is a "Bad time to buy"However, I also read the section that "Not acting" is pretty much the worst thing to do.This is creating paralysis from analysis!

Yes, some wholesalers in the area get some deals, but many of them are recycling the same deals that they do not even have a contract on in the first place.  

This is a true statement.For repeat customers, especially if it's in the same tax year, we can recycle a great deal of the underwriting paperwork (& of course all your paperwork we already have on file)... and oh look Mrs.

I have been recycling them for subsequent properties.  

Repeat and recycle forever.

We put recycled solid surface counters and upgraded from carpet to hardwood and rubber tile for the basement. 

It can be scalable as equity is built in your houses, and essentially allows you to recycle your downpayments.

if you borrow the money (135k net) and pay back 150k at the end of the project and you don't get to recycle the funds then you paid 15k interest on 135k, in simple terms that is 11%.  

Started making calls to set up trash and recycling service: same exact thing.

If you do not over extend, you may be able to refinance with little or no value seasoning and cash out your original down payment funds to recycle into your next deal.