The finance major, and investment banker, in me (there isn't much else) suggests that you have absolutely no concept of how risky that is, or you wouldn't be doing it.
Yes, you might make 50% on your money. No, its not worth the risk.
This actually has a name - the bigger fool theory. You are relying on entering a market and creating speculation in the hope that an unsophisticated group of buyers will move in behind you to buy at inflated prices. Think that through...
I am glad you made your money in Phoenix though
