How crazy will I be if I liquidated my $3k and maxed out $30k on credit card,and played this high risk gamble with my credit?

In some case they can be used effectively, but using them puts you just one level above "Spamming Craigslist" as a marketer.This business all starts with finding the motivated sellers.  

You sound like a person with a gambling addiction.

There is NO worthwhile cash flow here compared to almost any other place in the country, so everyone is gambling strictly on appreciation?    

Why not take a gamble with a hungry newbie on something small and get through the deal with them, rather than relying on them only.

It is very hard to find something legit in this space due to the overwhelming amount of spam and scams geared towards what I am looking for.

Try not to spam the list to avoid penalties.Option 3.)

If you just look at appreciation it's not any different from gambling.

Does your wife want you to play a game and gamble your money, or does she expect you to do your homework, learn the market, and invest in something that will bring maximum return with the smallest risk?  

The gamble is don't overpay at the auction.