Haha, I ran into a similar situation, except I went to go check it out...As we were walking up, my agent told 1 of the tenants we were thinking about renting there as a false story repeatedly, the 2nd time irritatingly, then I heard a gun clap as we were entering 1 of the vacant units and a guy saying 'you need me to handle these guys [X person's name]'.

It also gives you a skewed version of profitability because instead of taking the maintenance/capex costs and showing them as expenses (which they are, albeit paid to yourself) you're likely not showing them at all and getting a higher FALSE profit margin. the cost to build a roof is set by the market. whether you pay yourself or pay someone else doesn't change the value of the work.

Think of it in the absurd.

Actually it's very different because when I sell the fixer upper I'm not providing buyers with false comps to inflate the value of the property.

You would basically be hoarding cash and paying a very high premium to create false cash flow.

Quote from @Ed Dunbar:  The realtor we use is also the listing agent so I know his main role is to represent us both...False.

You will have some false starts, head scratching, and maybe some sleepless nights. 

It peaked at 500K (absurd) and dropped as low as the higher 100's.

Every time, after the first "deal" clients build false hope thinking that their "new Realtor" will treat them "right," and get suckered into the next.

I see that the numbers are quite bad as you have SO many large houses that rent for very little e.g. 3000sqft renting at like $1500/mo which is absurd.