The other end of the stick would be like many markets in California where people are getting no cash flow to even negative cash flow, but a ton of appreciation.I wouldn't expect to really see a crash in Phoenix any time soon.

Later that day when they arrived at their new house they walked into the kitchen and found him on the floor in a pool of blood with splatter all over the kitchen.

Once a tenant signs the lease, the transfer of utilities needs to be done as well.For these reasons, and those others have explained, wait until your tenants have arrived, seen the property, and are sure about renting it.

When fall comes, things will slow down again, as always, and the talk will increase about a "market crash."

I'm no attorney, but these kinds of issues are exactly what the estoppel process is supposed to address long before you arrive at the closing table.Without knowing all the specifics, it does appear this could have been handled better by your attorney.

But I do think FSBOing is better than some of these bad agents, where I watch some of those inexperienced agents crash and burn and cost their clients tens of thousands of dollars. 

Best done with a team of 2-3 people and have your wife show up carrying groceries after the police arrive.

I am trying to absorb everything I can from the various education opportunities on this site and have also ordered several books which I will start reading as soon as they arrive. 

Especially as a primary residence, I don't think it is necessarily to say "it's a bad time to buy because of it's expensive right now"People talk about crash, to me I don't think crash will happen as in 2008, and in Reno because of the proximity to CA and the fact that it's growing so rapidly, it's hard to think the house market will drop anytime soon (some correction maybe).

Sold at ALMOST the top of the market, before the crash.