Then thing will slow and we will start moving into the next wave as another housing shortage happens, which is what is happening now.

We were able to purchase a distressed home on the outer wave of this market and rehab it to a point that was in a price point below those new expensive homes, but still in a price point and level of finish that buyers are willing to pay a premium relative to non-rehabbed homes in the area.

I know a lot of hype is happening around Long Beach and Inglewood, so in my personal opinion I feel that that wave may have been missed.  

But Kitchen/Livingroom/Bathroom/hallway all have uneven tile-surfaced floor - either sloped or wave-shape.

Crowding funding meets real estate

http://techcrunch.com/2016/04/23/technology-is-finally-eliminating-geography-as-a-barrier-to-real-estate-investing/

Icing on the cake is that you'll probably get to ride the wave up while the market shifts. 

Problems seem to come in waves and there are always periods of calm.

I’m talking re-doing/modernizing kitchens and bathrooms, fixing persistent structural issues, and/or evicting the local crime wave. 

If I own a property in an up and coming neighborhood, I'm going to ride that wave of appreciation.  

Markets move in waves, if your market is at a peak right now, it will come down.