-Matt  Hi Matt.Based on some of the advice I'm reading here, you are probably feeling discouraged.Good news: there are amazing opportunities EVERYWHERE, including the saturated Phoenix market.

I'd probably not want to be caught mid-flip or severely over leveraged when the bad news hits.

The good news is there is now more of a need for rentals, the bad news is rentals may not produce as much cash flow now.

I do know that if you signed a contract that the "EMD was non refundable" and they had a process where the ball started rolling (IE a digital imprint of the check is sent to the secretary, who in turn emails it to billing, who follows process 42.....)

Timber is yielding double digits returns up from an average of 8.4%. 

But the good news is I got the name and number of a super helpful person in the housing department.

I have a good feeling about Oakland prices in 2014, so looking forward to hearing the good news!

@Joshua Dorkin and @Mark Archer Here's a link to a newspaper article about Crye-Leike's decision.http://timesfreepress.com/news/2014/jan/22/tennessee-based-crye-leike-real-estate-services-mu/

Hope to hear the good news soon!

For my medium term rentals, I don't require an application because I get mostly traveling medical professionals and digital nomads who are screened through the booking platform (hello landing).