This collaboration is ideal for a professional with deep market insights, strong negotiation skills, and a track record of successful transactions.

But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.

And yes it sure isn't what it seems, especially in this market.

Fort Worth is a great market to get started REI.

Out-of-state investing in cash-flow markets or partnering with experienced investors for passive returns are also great ways to put your capital to work.

Personally, I would never live in PHX, but that is all personal biases (I prefer seasons and greenery), and clearly lots of people choose to live in PHX.At the end of the day, I would argue market selection almost only comes into play when you are talking assets that cater to institutional buyers that have to get investment committee sign off. 

We are Canadians eyeing up the market in the USA and looking to start investing in properties across the border. 

If the latter, how does that look on a day to day in terms of operating, marketing, and the ownership structure?

You were not afforded a reasonable (in most states, 30 days) amount of notice to re-market your property. 

The property's strong market demand made it an ideal candidate for a profitable fix-and-flip project.