If you think you can actually pull this off, the best move is to detect bubble, sell, rent, wait for crash, buy. But you probably can't.
Let's put it this way. I detected the 2008 bubble in 2004. For this scheme to work you would have to have been able to say beforehand when the bubble would burst and sell close to the burst. My detection in 2004 was too soon and would have eaten almost all the profit if I had sold on it.
However with no equity, don't even bother trying. Interest rates and housing costs are inversely coupled. You can't play this game w/o a lot of equity because the interest rate swings will eat it up.