Why our first offer fell through

Real estate talk. Buying, fixing up, and selling the Stanley 90's Reno in about a year's time was a huge lesson for us in hard work, drywall repair, and real estate risk. We didn't intend to sell it so quickly; we thought we'd be there several years at least (read more about why we sold here) and weren't thinking about immediate profit. But, we were able to sell it to our advantage because:

We bought it for way under appraised value because it was in such bad cosmetic shape!The market imp...