Unlike in the US, the bubble never popped due to the combination of 28 years of uninterrupted economic growth and ultra low interest rates, two things that normally don’t go hand in hand together.

When I read his report I saw he was using an ultra-conservative cap rate of 12.2%! 

Over the years we have bought 100s of rental properties for clients in SE Michigan - as I'm sure you know it's a really tough area to operate and you really got to be ultra selective, and management has been an ongoing issue too.

Haverhill and Methuen are a bit better town, but boast more 3br and fewer homes.

My family has gotten bigger and worse case scenario we're upgrading into a much bigger house for next to nothing, and learning ALOT about flipping a house in the process.E.)Here's the new Ultra conservative numbers for the deal using a J Scott Formula:Sale Price - Purchase Price - Fixed Cost - Rehab Cost = $20k minimum profit $220k

Listing low to create bidding war is very common practice on the West coast's ultra hot market..

neighborhoodscout.com:  This is a paid site (and quite expensive if you're not a pro yet), but it provides a lot of the same data as city-data.com, only you can narrow it down to an ultra-specific geographic area (neighborhoods). 

You can do a bank search here by city, state, zip code etc.https://research.fdic.gov/bankfind/You can also call credit unions as some have really good programs for commercial right now.There are non-bank lending sources as well depending on the deal size such as insurance companies, conduit, CMBS, hedge fund, ultra high net worth lenders, etc.The question becomes do you want to do this yourself and not pay a mortgage broker generally a 1% fee of the loan amount at closing but spend a lot of time doing it or call up some well connected local commercial mortgage brokers who should find a good loan at a good rate.Often times lenders will give better rates to mortgage brokers as they are repeat business for the bank versus a one off type transaction if you call them directly.

SS in the right location and within a desaturated market would yield excellent returns, and ultra-low overhead.  

I do not boast about money but I have to say that I wish I would have just taken the plunge earlier!